Question: Compute the payback statisticfor Project A if the appropriate cost of capital is 9 percent and the maximum allowable payback period is four years.(Round your

Compute the payback statisticfor Project A if the appropriate cost of capital is 9 percent and the maximum allowable payback period is four years.(Round your answer to 2 decimal places.)

Project A
Time: 0 1 2 3 4 5
Cash flow $2,100 $790 $810 $740 $520 $320
Payback years

Should the project be accepted or rejected?
Accepted

Rejected

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