KVO corporation is considering investing in a project with the cash flows shown below. Compute the payback statistic for the project and recommend whether the firm should accept or reject it$.$ The required cost of capital is $10$ percent and the maximum allowable payback is $2\mathrm{.}5$ years

$\backslash$table$[[$Time$,0,1,2,3],[$Cash Flow,$-60,30,60,70]]$

$2\mathrm{.}60$ years, reject

$1\mathrm{.}5$ years, accept

$1\mathrm{.}25$ years, accept

$1\mathrm{.}75$ years, reject