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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.

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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: Cash flow: -$1,500 1 $550 2 $630 3 $620 4 $400 5 $200 Payback years Should the project be accepted or rejected? O accepted Orejected

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