Following is the set of cash flows from Project B which has a cost of capital of $13$ percent and the maximum allowable payback period is three years. $($If the project never pays back, then enter a $"0"($zero$).)$

Project B

Time: $012345$

Cash flow: $$$$12,100$ $$3,460$ $$4,400$ $$1,740$ $$0$ $$1,220$

Does the project achieve payback within the first three years?

multiple choice $1$

Yes

No

Should the project be accepted or rejected?

multiple choice $2$

accepted

rejected