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. (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 –$12,600 $3,510 $4,500 $1,840 $0 $1,320
Payback years
Should the project be accepted or rejected? REJECTED