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

Project BTime: 0 1 2 3 4 5

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

Should the project be accepted or rejected?

• accepted
• rejected