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:	0	1	2	3	4	5
Cash flow:	$12,700	$3,520	$4,520	$1,860	$0	$1,340

Should the project be accepted or rejected?

• accepted

• rejected