Compute the payback statistic for Project A if the appropriate cost of capital is 7 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:	$1,400	$510	$600	$600	$380	$180

Should the project be accepted or rejected?

multiple choice

• accepted

• rejected