Question $3$

$8\mathrm{.}33$ pts

$20$

Compute the payback statistic for Project B if the appropriate cost of capital is $12$ percent and the maximum allowable payback period is three years. $($If the project never pays back, then enter a $"0"($zero$).)$

Project B

Time:

Cash flow:

$0$

$1$

$2$

$3$

$4$

$q,$