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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 0 1 -$1,800 $670 $460 $260 Time! Cash flow: 2 $720 3 $680 Payback years Should the project be accepted or rejected? O accepted O rejected

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