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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.

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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 "O" (zero).) Project B 10 Time: 1 2 3 4 5 points -$11,700 $3,420 $4,320 $1,660 $0 $1,140 Cash flow: ook Payback years Hint Print References Should the project be accepted or rejected? accepted rejected LO

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