Question: Compute the Payback statistic for Project Y with the cash flows shown below if the appropriate cost of capital is 11 percent and the maximum

Compute the Payback statistic for Project Y with the cash flows shown below if the appropriate cost of capital is 11 percent and the maximum allowable payback is 1 years.
time 0,1,2,3,4,5
cash flow -100,75,100,300,75,200

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