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: -$1,900 1 $710 2 $750 3 $700 4 $480 5 $280 Payback years Should the project be accepted or rejected? O accepted rejected

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