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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: Cash flow : 2 1 $670 -$1,800 3 $680 4 $460 5 $260 $720 X Answer is complete but not entirely correct. Payback 2.79 x years

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