Question: Problem 13-5 Payback (LG13-2) Compute the payback statistic for Project B if the appropriate cost of capital is 12 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 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: Cash flow:11,900 $3,440 $4,360 $1,700 0 $1,180 Payback years Should the project be accepted or rejected? accepted O rejected
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