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3 Compute the payback statistic for Project B if the appropriate cost of capital is 13 percent and the maximum allowable payback period is three

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3 Compute the payback statistic for Project B if the appropriate cost of capital is 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: Cash flow: 0 1 -$12,100 $3,460 $4,400 $1,740 4 $0 5 $1,220 X 01:46:12 Payback years Should the project be accepted or rejected? accepted rejected

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