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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: 0 -$2,700 1 $1,030 2 $990 3 $860 4 $640 5 $440 Payback years Should the project be accepted or rejected? accepted O rejected

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