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(Payback) Compute the payback statistic for Project A if the appropriate cost of capital is 8 percent and the maximum allowable payback period is four

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(Payback) Compute the payback statistic for Project A if the appropriate cost of capital is 8 percent and the maximum allowable payback period is four years. (Round your answer to 2 decimal places.) Project A 3 Time 1 2 4 5 0 -$2,500 $950 $930 $820 $400 Cash flow $600

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