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 $9$ percent and the maximum allowable payback is $3$ years.

$\backslash$table$[[$Time:$,0,1,2,3,4,5],[$Cash flow:,$-2,800,875,600,850,800,550]$