Compute the Discounted Payback statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows shown below if the appropriate cost of capital is 11 percent and the maximum allowable discounted payback is 3 years. 0 3 Time: Cash flow: 1 490 2 490 4 310 5 160 -990 410 Multiple Choice 3.50 years, reject 5.01 years, reject 2.50 years, accept 3.01 years, reject Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 12 percent, and that the maximum allowable payback and discounted payback statistic for the project are 2 and 3 years, respectively, 3 Time 0 Cash Flow -1,150 1 30 2 570 4 770 5 370 6 770 770 Use the NPV decision rule to evaluate this project; should it be accepted or rejected? Multiple Choice $2,118.66, accept $968.66, accept $-495.13, reject C SA64 87 Accent Next