Question: How to compute using a financial calculator Compute the payback statistic for Project X and recommend whether the firm should accept or reject the project

How to compute using a financial calculator
Compute the payback statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows shown as follows if the appropriate cost of capital is 9 percent and the maximum allowable payback is four years. Time 0-5 cashflows are -1500,-100,150,150,0,2500.
3.78 years, accept
3.78 years, reject
4.52 years, reject
4.52 years, accept

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