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 Cash flow $2,200 $830 $840 $760 $540 $340 Payback years Should the project be accepted or rejected? O Accepted O Rejected

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