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Problem 13-5 Payback (LG13-2) Compute the payback statistic for Project B if the appropriate cost...

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Problem 13-5 Payback (LG13-2) Compute the payback statistic for Project B if the appropriate cost of capital is 12 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 $1,060 Cash flow: -$11,300 $3,380 $4,240 $1,580 $0 Payback years Should the project be accepted or rejected? accepted O rejected

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