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Compute the payback statistic for Project B if the appropriate cost of capital is 13 percent and the maximum allowable payback period is three years.

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Compute the payback statistic for Project B if the appropriate cost of capital is 13 percent and the maximum allowable payback period is three years. (If the project never pays back, then enter a "0" (zero).) Project B -$12,100 $3,460 $4,400 $1,740 $1,220 0 1 3 Time: Cash flow : $0 Payback years Should the project be accepted or rejected? O accepted O rejected

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