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	1	2	3	4	5
Cash flow:	$12,800	$3,530	$4,540	$1,880	$0	$1,360

Should the project be accepted or rejected?

• accepted

• rejected