Payback Compute the payback statistic for Project A and recommend whether the firm should accept or reject the project with the cash flows shown below if the appropriate cost of capital is 8 percent and the maxi- mum allowable payback is four years. (LG2) 

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Project A Time: 1 2 3 4 5 $350 $480 $520 $300 $100 Cash flow -$1,000