Question: Problem 13-6 Payback (LG13-2) Compute the payback statistic for Project A if the appropriate cost of capital is 9 percent and the maximum allowable payback

Problem 13-6 Payback (LG13-2) Compute the payback statistic for Project A

Problem 13-6 Payback (LG13-2) 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 Time: S Cash flow: o $1,200 1 $430 2 $540 3 $560 4 $340 5 $140 Payback 2.81 years

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