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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. (Round your answer to 2 decimal places.)

project A: TIME 0 1 2 3 4 5
CASH FLOW $1,700 $630 $690 660 $440 $240

Payback years

PAYBACK YEARS

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