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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 (If the project never pays back, then enter a "0" (zero).) Projects ine Cash flow 0 --$12,600 1 3 $3,510 $4,500 $1,800 4 $0 51,320 Payback year Should the project be accepted or rejected? O accepted O rejected

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