Question: Compute the payback statistic for Project B if the appropriate cost of capital is 10 percent and the maximum allowable payback period is three years.

Compute the payback statistic for Project B if the appropriate cost of capital is 10 percent and the maximum allowable payback period is three years. (If the project never pays back, then enter a "0" (zero).) Project B Time: 0 3 4 1 2 $3,550 $4,580 $1,920 $0 5 $1,400 Cash flow: -$13,000 Payback years Should the project be accepted or rejected? O accepted O rejected
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