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

Problem 13-5 Payback (LG13-2)

Compute the payback statistic for Project B if the appropriate cost of capital is 13 percent and the maximum allowable payback period is three years. (Round your answer to 2 decimal places. If the project never pays back, then enter a "0" (zero).)

Project B
Time:	0	1	2	3	4	5
Cash flow	$11,500	$3,400	$4,280	$1,620	$0	$1,100

Payback

years

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