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. Project B Time: 0 1 2 3 4 5 Cash flow: $ 13,000 $ 3,550 $ 4,580 $ 1,920 $ 0 $ 1,400 Should the project be accepted or rejected? Note: If the project never pays back, then enter a "0" (zero).
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