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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).) Project B Time: 0 3 4 1 2 $3,420 $4,320 $1,660 $0 5 $1,140 Cash flow: -$11,700 Payback years Should the project be accepted or rejected? O accepted O rejected

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