"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: $-73,850.; Period 1: $-27,350.; Period 2: $35,000.; Period 3: $64,050.; Period 4: $33,500.; Period 5: $27,500.; 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."

		2.76 years / Reject
		2.76 years / Accept
		2.53 years / Reject
		2.53 years / Accept
		2.80 years / Accept
		3.06 years / Reject
		3.06 years / Accept