Compute payback statistic for project

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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

Reference no: EM131916256

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