11. Compute the Payback statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows shown below if the appropriate cost of capital is 10 percent and the maximum allowable payback is 4 years. Please show each step clearly. I do not know the process at all.

Time:	0	1	2	3	4	5
Cash flow:	-2,900	900	550	800	775	575