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Compute the Payback statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows shown below ift

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Compute the Payback statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows shown below ift appropriate cost of capital is 8 percent and the maximum allowable payback is 4 years. 1 4 Time: Cash flow: O -2700 2 650 3 900 5 525 850 825 Multiple Choice 336 years, Reject 236 years. Accept 0 236 years. Reject 3.36 years. Accept

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