Question: Compute the payback statistic for Project B if the appropriate cost of capital is 12 percent and the maximum allowable payback period is three years.

Compute the payback statistic for Project B if the appropriate cost

Compute the payback statistic for Project B if the appropriate cost of capital is 12 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 0 $11,300 $3,380 $4,240 $1,580 $0$1,060 2 5 Payback years Should the project be accepted or rejected? Accepted O Rejected

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