Following is the set of cash flows from Project B which has a cost of capital...

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Following is the set of cash flows from Project B which has a cost of capital of 12 percent and the maximum allowable payback period is three years. (If the project never pays back, then enter a "O" (zero).) Project B Time: 0 1 2 3 4 5 Cash flow: -$12,200 $3,470 $4,420 $1,760 $0 $1,240 Does the project achieve payback within the first three years? Yes O No Should the project be accepted or rejected? O accepted O rejected Following is the set of cash flows from Project B which has a cost of capital of 12 percent and the maximum allowable payback period is three years. (If the project never pays back, then enter a "O" (zero).) Project B Time: 0 1 2 3 4 5 Cash flow: -$12,200 $3,470 $4,420 $1,760 $0 $1,240 Does the project achieve payback within the first three years? Yes O No Should the project be accepted or rejected? O accepted O rejected