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. Project B

Time: 0 1. 2. 3. 4. 5

Cash flow: $ 12,100 $ 3,460 $ 4,400 $ 1,740 $ 0 $ 1,220

What is the payback?

Should the project be accepted or rejected? Note: If the project never pays back, then enter a "0" (zero).

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