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:	$ 12,800	$ 3,530	$ 4,540	$ 1,880	$ 0	$ 1,360

Should the project be accepted or rejected?

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

Payback ''___'' years