Question: Compute the payback statistic for Project B if the appropriate cost of capital is 1 2 percent and the maximum allowable payback period is three

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.
Project B
Time: 012345
Cash flow: $ 12,500 $ 3,500 $ 4,480 $ 1,820 $ 0 $ 1,300

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