Compute the payback statistic for Project A if the appropriate cost

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. (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
Payback years?
Should the project be accepted or rejected?

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