"Our company is evaluating a project with projected future annual cash flows shown as follows and an appropriate cost of capital of 12.3% : Period 0: $-79,250.; Period 1: $-36,350.; Period 2: $36,080., Period 3: $65,130.; Period 4: $34,220.; Period 5: $38,300.; Compute the Payback statistic for the project and indicate whether the company should accept or reject this project if the maximum allowable payback period is 3 years." 3.42 years / Accept 3.12 years / Reject 3.12 years / Accept 2.34 years / Reject 2.34 years / Accept 2.88 years / Accept 3.42 years / Reject