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....

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

Cash Flow:

0 $2600

1 $990

2 $960

3 $840

4 $620

5 $20

Should the project be accepted OR rejected?

thank you