Problem 13-5 Payback (LG13-2) Compute the payback statistic for Project B if the appropriate cost of capital is 12 percent and the maximum allowable payback period is three years. (Round your answer to 2 decimal places. If the project never pays back, then enter a "0" (zero).) Project B

Time: 0 1 2 3 4 5

Cash flow $11,000 $3,350 $4,180 $1,520 $0 $1,000

Payback ??? years