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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 Times Cash flow -$11,400 $3,390 $4,260 $1,600 4 $0 $1,080 Payback years Should the project be accepted or rejected? O accepted rejected

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