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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.
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. Note: Round your answer to 2 decimal places. Project A Time: 0 1 2 3 4 5 Cash flow: $2,900 $1,110 $1,050 $900 $680 $480
Find Payback in years
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