Compute the payback statisticfor Project B if the appropriate cost of capital is 12 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 B
Time:	0	1	2	3	4	5
Cash flow	$11,300	$3,380	$4,240	$1,580	$0	$1,060

Payback

years

Should the project be accepted or rejected?

Accepted

Rejected