Compute the payback statistic for project b

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Compute the payback statistic for Project B if the appropriate cost of capital is 10 percent and the maximum allowable payback period is three years.

Project B





  Time: 0 1 2 3 4 5
  Cash flow -$13,000 $3,550 $4,580 $1,920 $0 $1,400

Should the project be accepted or rejected?

Reference no: EM13333392

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