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Compute the payback statistic for Project B. The maximum allowable payback period is three years. (If the project never pays back, then enter a 0
Compute the payback statistic for Project B. 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: | $12,200 | $3,470 | $4,420 | $1,760 | $0 | $1,240 |
Should the project be accepted or rejected?
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