Compute the 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 9 percent and the maximum allowable payback is 3 years. Time: Cash flow: 1 -2,400 300 2 600 3 800 4. 850 5 600 Multiple Choice 3.82 years, Accept 2.82 years, Accept 2.82 years, Reject 3.82 years, Reject