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 12 percent and the maximum allowable payback is 3 years. Time: Cash flow: Multiple Choice 0 -2,600 2.09 years, Accept 2.09 years, Reject 3.09 years, Reject 3.09 years, Accept 1 875 2 700 3 950 4 875 5 500

Compute the Payback statisfic for Preject X and incommend whether the firm should accept or roject the project with the cash flows shown below if the appecpriate cost of cap eni is 12 percent and the merimum allowable papock is 3 years Mutiole Chace 2.09 year, Accets 209 rem, Aejec 300 yows Alied 109 rem Asceot