Compute the payback statistic for Project B if the appropriate cost of capital is $12$ percent and the maximum allowable payback period is three years.

Project B

Time: $012345$

Cash flow: $$$ $12,400$ $ $3,490$ $ $4,460$ $ $1,800$ $ $0$ $ $1,280$

Should the project be accepted or rejected?

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