I need help with the whole problem with Explanation and Solution Please.

Chapter 12 and 13 Homework i Help Save & Exit Submit Check my work Compute the payback statistic for Project A if the appropriate cost of capital is 9 percent and the maximum allowable payback period is four years. (Round your answer to 2 decimal places.) Project A points Cash flow: $3,000 1 $1,150 2 $1,089 3 $920 4 $700 5 $500 eBook Hint Payback 2.00 years Ask Print Reference Should the project be accepted or rejected? accepted rejected