Connect Only Problem 13-3 Payback (LG13-2)

Compute the payback statistic for Project A if the appropriate cost of capital is 7 percent and the maximum allowable payback period is four years.

Note: Round your answer to 2 decimal places.

Project A

Time:	0	1	2	3	4	5
Cash flow:	$1,400	$510	$600	$600	$380	$180