"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: $-77,900.; Period 1: $-34,100.; Period 2: $35,810.; Period 3: $64,860.; Period 4: $34,040.; Period 5: $35,600.; 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 2 years."

		3.03 years / Accept
		2.39 years / Reject
		2.39 years / Accept
		2.86 years / Accept
		3.33 years / Reject
		3.33 years / Accept
		3.03 years / Reject