Our company is evaluating a project with the projected future annual cash flows shown as follows and an appropriate cost of capital of 8.0%% : Period 0: $-2,000.; Period 1: $-700.; Period 2: $300.; Period 3: $900.; Period 4: $2,400.; Period 5: $500.; Compute the Payback statistic for the project and whether the company should accept or reject this project if the maximum allowable payback period is 4.0 years.