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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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