"Our company is evaluating a project with projected future annual cash flows shown as follows and an appropriate cost of capital of $14\mathrm{.}5\%$ : Period $0$: $$-75,650.$; Period $1$: $$-30,350.$; Period $2$: $$35,360.$; Period $3$: $$64,410.$; Period $4$: $$33,740.$; Period $5$: $$31,100.$; 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."