Question: Compute the payback statisticfor Project A if the appropriate cost of capital is 8 percent and the maximum allowable payback period is four years. (Round

Compute the payback statisticfor Project A if the appropriate cost of capital is 8 percent and the maximum allowable payback period is four years.(Round your answer to 2 decimal places.)

Project ATime:012345Cash flow:$1,000$350$480$520$300$100

Should the project be accepted or rejected?

acceptedrejected

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