Question: Problem 13-6 Payback (LG13-2) Compute the payback statistic for Project A if the appropriate cost of capital is 8 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 8 percent and the maximum allowable payback period is four years. (Round your answer to 2 decimal places.) Project A Time: Cash flow: 0 -$2,800 1 $1,070 2 $1,020 3 $880 4 $660 5 $460 Payback years

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