Question: Compute the payback statistic for Project B if the appropriate cost of capital is 1 3 percent and the maximum allowable payback perioc is three

Compute the payback statistic for Project B if the appropriate cost of capital is 13 percent and the maximum allowable payback perioc is three years.
Project B
\table[[Time:,0,1,2,3,4,5],[Cash flow:,-$12,100,$3,460,$4,400,$1,740,$0,$1,220
 Compute the payback statistic for Project B if the appropriate cost

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