Question: Compute the Payback statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows shown below if

 Compute the Payback statistic for Project X and recommend whether the

Compute the Payback statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows shown below if the appropriate cost of capital is 9 percent and the maximum allowable payback is 4 years. Time Cash flow: 0 2,900 4 5 750 600900725 3.90 years, Reject 2.90 years, Reject 2.90 years, Accept O 3.90 years, Accept

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