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Compute the payback statistic for Project B if the appropriate cost of capital is 12 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 12 percent and the maximum allowable payback period is three years. (If the project never pays back, then enter a "O" (zero).) ProjectB Tine Cash flow: -$11,000 $3,350 $4,180 $1,520 $0 $1,000 Payback years Should the project be accepted or rejected? O accepted rejected

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