Problem 13-3 Payback (LG13-2) Compute the payback statistic for Project B if the appropriate cost of capital is 11 percent and the maximum allowable payback period is three years. Project B Time: 0 1 2 3 Cash flow: -$ 12,600 $ 3,510 $4,500 $ 1,840 4 $0 Should the project be accepted or rejected? Note: If the project never pays back, then enter a "0" (zero). Payback Should the project be accepted or rejected? 5 $ 1,320 years

Compute the payback statistic for Project B if the appropriate cost of capital is 11 percent and the maximum allowable payback period is three years. Project B Should the project be accepted or rejected? Note: If the project never pays back, then enter a "O" (zero)