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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

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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. Project B Time: 0 1 2 3 4 Cash flow: -$ 12,400 $ 3,490 $4,460 $ 1,800 $ 0 5 $ 1,280 Should the project be accepted or rejected? Note: If the project never pays back, then enter a "O" (zero). Payback Should the project be accepted or rejected? years

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