Compute the payback statistic for Project B

Compute the payback statistic for Project B if the appropriate cost
of capital is 11 percent and the maximum allowable payback period is three years. (Round your answer to 2 decimal places. If the project never pays back, then enter a “0” (zero).)
Project B
Time: 0 1 2 3 4 5
Cash flow -$12,700 $3,520 $4,520 $1,860 $0 $1,340
Payback years ?
Should the project be accepted or rejected?

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