Compute the payback statistic for Project B if the appropriate cost of capital is 11 percent and the maximum allowable payback period is three years. (If the project never pays back, then enter a "0" (zero).)
Project B Time: 0 1 2 3 4 5 Cash flow: –$12,300 $3,480 $4,440 $1,780 $0 $1,260