Question: Compute the payback statisticfor Project A if the appropriate cost of capital is 7 percent and the maximum allowable payback period is four years. (Round

Compute the payback statisticfor Project A if the appropriate cost of capital is 7 percent and the maximum allowable payback period is four years.(Round your answer to 2 decimal places.)

Project ATime:012345Cash flow:-$1,700$630$690$660$440$240

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