# 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: −$1,400$510 $600$600 $380$180 Payback years: _______.__

Question

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: −$1,400$510 $600$600 $380$180

Payback years: _______.__