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Following is the set of cash flows from Project B which has a cost of capital of 12 percent and the maximum allowable payback period

Following is the set of cash flows from Project B which has a cost of capital of 12 percent and the maximum allowable payback period is three years. (If the project never pays back, then enter a "0" (zero).) Project B Time: 0 1 2 3 4 5 Cash flow: $11,900 $3,440 $4,360 $1,700 $0 $1,180 Does the project achieve payback within the first three years? multiple choice 1 Yes No Should the project be accepted or rejected?

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