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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 Time: 3 Cash flow: -$2,100 $790 $810 $740 $520 $320 1 2 Payback years Should the project be accepted or rejected? accepted rejected

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