Question: 2. Compute the payback period statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows shown

2. Compute the payback period statistic for Project X and recommend

2. Compute the payback period statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows shown in the chart if the maximum allowable payback is four years. Year Cash Flow 0 -$1.450 $250 2 $380 3 $620 4 $1,000 5 $100 Payback period = [Answer here]

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