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 C | ||||||
Time | 0 | 1 | 2 | 3 | 4 | 5 |
Cash Flow | -11,000.00 | 3350.00 | 4180.00 | 1520.00 | 0.00 | 1000.00 |
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