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Compute the discounted 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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Compute the discounted 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 10 percent and the maxlmum allowable discounted payback Is three years Time: Cash flow: 1000 500 480 400 300 150 O 2.98 years, accept O 4.98 years, reject O 3.49 years, reject O 2.49 years, accept

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