"Our company is evaluating a project with projected future annual cash flows shown as follows and an appropriate cost of capital of 10.0% : Period 0: $-84,200.; Period 1: $-44,600.; Period 2: $37,070.; Period 3: $66,120.; Period 4: $34,880.; Period 5: $48,200.; Compute the Payback statistic for the project and indicate whether the company should accept or reject this project if the maximum allowable payback period is 4 years."

3.43 years / Reject

2.16 years / Accept

2.16 years / Reject

2.95 years / Reject

3.73 years / Accept

3.73 years / Reject

3.43 years / Accept