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Compute the payback statistic for Project B if the appropriate cost of capital is 10 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 10 percent and the maximum allowable payback period is three years. (If the project never pays back, then enter a "O" (zero).) Project B Time : Cash flow: 0 -$12,900 1 $3,540 2 3 $4,560 $1,900 4 $0 5 $1,380 Payback years Should the project be accepted or rejected? accepted O rejected

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