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. Project B Time: 0 1 2 3 4 5 Cash flow: $ 11,400 $ 3,390 $ 4,260 $ 1,600 $ 0 $ 1,080 Should the project be accepted or rejected? Note: If the project never pays back, then enter a "0" (zero).

Find Payback in years