Question: s Problem 13-6 Payback (LG13-2) Compute the payback statistic for Project A if the appropriate cost of capital is 7 percent and the maximum allowable

s Problem 13-6 Payback (LG13-2) Compute the payback statistic for Project

s Problem 13-6 Payback (LG13-2) Compute the payback statistic for Project A if the appropriate cost of capital is 7 percent and the maximum allowable payback period is four years. (Round your answer to 2 decimal places.) Pret Project M Timet Cash flow -$2,600 $960 5840 $620 $420 Payback years Should the project be accepted or rejected? accepted rejected

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