Compute the payback statistic for Project B if the appropriate cost of capital is 13 percent and the maximum allowable payback period is three years. (If the project never pays back, then enter a "0" (zero).) Project B Time: Cash flow: Payback 0 -$11,200 accepted O rejected 1 2 $3,370 $4,220 Should the project be accepted or rejected? years 3 $1,560 4 $0 5 $1,040

Compute the payback statistic for Project B if the appropriate cost of capital is 13 percent and the maximum allowable payback period is three years. (If the project never pays back, then enter a "O" (zero).) Should the project be accepted or rejected? accepted rejected