17.

Compute the payback statistic for Project A if the appropriate cost of capital is 9 percent and the maximum allowable payback period is four years. (Round your answer to 2 decimal places.)

Project A
Time:	0	1	2	3	4	5
Cash flow	$2,400	$910	$900	$800	$580	$380

Payback

years

Should the project be accepted or rejected?

	Accepted
	Rejected