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Compute the payback statistic for Project if the appropriate cost of capital is 13 percent and the maximum allowable payback period S three years. (If

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Compute the payback statistic for Project if the appropriate cost of capital is 13 percent and the maximum allowable payback period S three years. (If the project never pays back, then enter a "o" (zero). Project B Time: Cash flow: $11,800 $3,430 $4,340 $1,680 $0 $1,160 Payback 10,610 years Should the project be accepted or rejected? accepted rejected

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