Compute the payback statisticfor Project B if the appropriate cost of capital is 12 percent and the maximum allowable payback period is three years. (Round your answer to 2 decimal places. If the project never pays back, then enter a "0" (zero).)

Project B
Time:	0	1	2	3	4	5
Cash flow	$12,500	$3,500	$4,480	$1,820	$0	$1,300

Payback

years

Should the project be accepted or rejected?

Accepted

Rejected