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Compute the payback statistic for Project A if the appropriate cost of capital is 7...

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Finance

Compute the payback statistic for Project A if the appropriate cost of capital is 7 percent and the maximum allowable payback period is four years. (Round your answer to 2 decimal places.) Project A Time: 0 1 2 3 4 5 Cash flow: $2,900 $1,110 $1,050 $900 $680 $480 Should the project be accepted or rejected?

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