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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 5 Cash flow: -$ 11,900 $ 3,440 $4,360 $ 1,700 $ 0 $ 1,180 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 13

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