Question: 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.

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. (Round your answer to 2 decimal places. If the project never pays back, then enter a "O" (zero).) Project B Time Cash flow 4 $11,800 $3,430 $4,340 $1,680 $0 $1,160 Payback years Should the project be accepted or rejected? O Accepted Rejected
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