Multiple Choice 2.75 years, Reject 3.75 years, Accept 3.75 years, Reject 2.75 years, Accept

ompute 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 10 percent and the aximum allowable payback is 4 years. Time: Cash flow: Multiple Choice 0 1 -2,300 250 2 550 3 900 4 800 5 575 O O 2.75 years, Reject 3.75 years, Accept 3.75 years, Reject 2.75 years, Accept