Question: Compute the payback statisticfor Project B if the appropriate cost of capital is 11 percent and the maximum allowable payback period is three years. (Round

Compute the payback statisticfor Project B if the appropriate cost of capital is 11 percent and the maximum allowable payback period is three years.(Round your answer to 2 decimal places. If the project never pays back, then enter a "0" (zero).)

Project BTime:012345Cash flow-$11,400 $3,390 $4,260 $1,600 $0 $1,080

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