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 8 percent and the maximum allowable payback is 4 years. Time : Cash flow: 0 1 -2,500 350 2 650 3 850 4 825 5 625 Multiple Choice 2.79 years, Reject 2.79 years, Accept O 3.79 years, Accept o 3.79 years, Reject