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Our company is evaluating a project with projected future annual cash flows shown as follows and an appropriate cost of capital of 8.5% : Period

image text in transcribed "Our company is evaluating a project with projected future annual cash flows shown as follows and an appropriate cost of capital of 8.5% : Period 0: $73,100.; Period 1:$26,100.; Period 2: $34,850.; Period 3: $63,900.; Period 4: $33,400.; Period 5: $26,000.; 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 2 years." 3.01 years / Accept 2.56 years / Accept 2.71 years / Accept 3.01 years / Reject 2.79 years / Accept 2.71 years / Reject 2.56 years / Reject

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