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14. Compute the payback statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows shown as

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14. Compute the payback statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows shown as follows if the appropriate cost of capital is 9 percent and the maximum allowable payback is four years. Time: S o 1 2 3 4 5 Cash flow: -1000 -75 100 100 0 2000 A. 3.4375 years, accept B. 3.78 years, reject C. 4.4375 years, reject D. 4.78 years, accept

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