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: $012345$

Cash flow: $$$$1,700$ $$630$ $$690$ $$660$ $$440$ $$240$

Should the project be accepted or rejected?

multiple choice

accepted

rejected