Question: Problem 13-5 Payback (LG13-2) Compute the payback statistic for Project B if the appropriate cost of capital is 11 percent and the maximum allowable payback

 Problem 13-5 Payback (LG13-2) Compute the payback statistic for Project B

Problem 13-5 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. (If the project never pays back, then enter a "O" (zero).) Project Time: Cash flow 1 2 3 -$11,100 $3,360 $4,200 $1,540 4 SO 5 $1,020 Payback years

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