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. (Round your answer to 2 decimal places.) Project A Time: Cash flow: Payback accepted 0 -$2,000 O rejected 1 $750 years Should the project be accepted or rejected? 2 $780 3 $720 4 $500 5 $300