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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 Time: Cash Flow -$3,000 $1,150 51,080 $920 5700 5 3500 Payback years Should the project be accepted or rejected? accepted rejected

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