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Compute the payback statistic for Project B if the appropriate cost of capital is 11 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 11 percent and the maximum allowable payback period is three years. Note: If the project never pays back, then enter a "0" (zero). Should the project be accepted or rejected? accepted rejected

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