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3 0.66 points Compute the payback statistic for Project B If the appropriate cost of capital is 12 percent and the maximum allowable payback

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3 0.66 points 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. Project B Time: 0 1 2 3 4 5 Cash flow: -$ 12,400 $ 3,490 $ 4,460 $ 1,800 $ 0 $ 1,280 Print References Should the project be accepted or rejected? Note: If the project never pays back, then enter a "O" (zero). Payback Should the project be accepted or rejected? years

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