"Our company is evaluating a project with projected future annual cash flows shown as follows and an appropriate cost of capital of $8\mathrm{.}5\%$ : Period $0$:$$-73,100$; Period $1$: $$-26,100.$; Period $2$: $$34,850.$; Period $3$ : $$63,900.$; Period $4$: $$33,400.$; Period $5$: $$26,000.$; 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."

$2\mathrm{.}71$ years $/$ Reject

$2\mathrm{.}71$ years $/$ Accept

$2\mathrm{.}56$ years $/$ Reject

$2\mathrm{.}56$ years $/$ Accept

$3\mathrm{.}01$ years $/$ Accept

$2\mathrm{.}79$ years $/$ Accept

$3\mathrm{.}01$ years $/$ Reject