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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.

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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: Cash flow: -$1,400 1 $518 2 $600 $600 4 $380 5 $180 Payback years Should the project be accepted or rejected? O accepted rejected

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