Question
Compute the payback statisticfor Project B if the appropriate cost of capital is 11 percent and the maximum allowable payback period is three years. (Round
Compute the payback statisticfor Project B if the appropriate cost of capital is 11 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 BTime:012345Cash flow -$12,700 $3,520 $4,520 $1,860 $0 $1,340
Payback
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A Survey of Mathematics with Applications
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
10th edition
134112105, 134112342, 9780134112343, 9780134112268, 134112261, 978-0134112107
