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Following is the set of cash flows from Project B which has a cost of capital of 11 percent and the maximum allowable payback

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Following is the set of cash flows from Project B which has a cost of capital of 11 percent and the maximum allowable payback period is three years. (If the project never pays back, then enter a "O" (zero).) Project B Time: Cash flow: A 1 2 B 4 5 -$12,700 $3,520 $4,520 $1,860 $0 $1,340 Does the project achieve payback within the first three years? Yes No

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