Question: 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

 "Our company is evaluating a project with projected future annual cash

"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: $-84,650.; Period 1: $-45,350.; Period 2: $37,160.; Period 3: $66,210.; Period 4: $34,940.; Period 5: $49,100.; 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." 3.76 years / Reject 3.76 years / Accept / 3.46 years / Reject 3.46 years / Accept 2.14 years / Reject 2.14 years / Accept 2.95 years / Accept

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