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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.

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. (If the project never pays back, then enter a "0" (zero).)

Project B Time: 0 1 2 3 4 5 Cash flow: $11,000 $3,350 $4,180 $1,520 $0 $1,000

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