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 Tine 0 2 3 Canh low --$1,300 $470 $570 5580 $360 $160 Payback years Should the project be accepted or rejected? O accepted Orejected

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