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Compute the payback statistic for Project A if the appropriate cost of capital is 9...

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Finance

Compute the payback statistic for Project A if the appropriate cost of capital is 9 percent and the maximum allowable payback period is four years. Note: Round your answer to 2 decimal places. Project A Time: 0 1 2 3 4 5 Cash flow: $3,000 $1,150 $1,080 $920 $700 $500

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