Compute the payback statistic for Project B if the appropriate cost of capital is 11 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 1 2 3 4 5 Cash flow: $12,600 $3,510 $4,500 $1,840 $0 $1,320 Should the project be accepted or rejected? multiple choice accepted rejected

Compute the payback statistic for Project B if the appropriate cost of capital is 11 percent and the maximum allowable payback period is three years. (If the project never pays back, then enter a "O" (zero).) Project B Time: Cash flow : 0 1 -$12,600 $3,510 2 $4,500 $1,840 4 $0 5 $1,320 Payback years Should the project be accepted or rejected? accepted O rejected