Question: 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

Compute the Payback statistic for Project X and recommend whether the

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 8 percent and the maximum allowable payback is 3 years. Time: Cash flow: 0 -3,000 1 900 2 650 5 650 800 700 Multiple Choice 3.93 years, Reject 3.93 years, Accept 2.93 years, Accept 2.93 years, Reject

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