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17 Compute the payback statistic for Project B if the appropriate cost of capital is 11 percent and the maximum allowable payback period is three

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Compute the payback statistic for Project B if the appropriate cost of capital is 11 percent and the maximum allowable payback period is three years. (If the project never pays back, then enter a "O" (zero).) Project B Time: Cash flow: 0 1 -$12,300 $3,480 2 3 $4,440 $1,780 4 $0 5 $1,260 Payback 0 years Should the project be accepted or rejected? accepted rejected

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