Compute the payback statistic for Project A if the appropriate cost of capital is 8 percent and the maximum allowable payback period is four years. (Round your answer to 2 decimal places.) Project A Time: Cash flow: Payback 0 -$2,200 O accepted O rejected 1 $830 years 2 $840 Should the project be accepted or rejected? 3 $760 4 $540 5 $340

Compute the payback statistic for Project A if the appropriate cost of capital is 8 percent and the maximum allowable payback period is four years. (Round your answer to 2 decimal places.) Should the project be accepted or rejected? accepted rejected