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: 0 1 2 3 4 5 Cash flow: -2,000 300 650 900 725 500 rev: 12_06_2012 3.21 years, Reject 2.21 years, Reject 3.21 years, Accept 2.21 years, Accept