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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 "0" (zero).) Project B Time: Cash flow: e -$12,300 1 $3,480 2 3 $4,448 $1,780 4 se $1,260 Payback years Should the project be accepted or rejected? O accepted Orejected

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