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.)

Compute the payback statistic for 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: A Thus: 0 1 2 3 4 5 Cash flow: -$1,6i]l1 $590 566:: $6\"! $42l] $220 Pam _- Should the project be accepted or rejected? 0 accepted 0 rejected