Question: Connect Only Problem 13-3 Payback (LG13-2) Compute the payback statistic for Project A if the appropriate cost of capital is 7 percent and the maximum

Connect Only Problem 13-3 Payback (LG13-2)

Compute the payback statistic for Project A if the appropriate cost of capital is 7 percent and the maximum allowable payback period is four years.

Note: Round your answer to 2 decimal places.

Project A

Time: 0 1 2 3 4 5
Cash flow: $1,400 $510 $600 $600 $380 $180

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