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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 10.0% : Period

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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 10.0\% : Period 0: $.85,550.; Period 1: $46,850; Period 2: $37,340.; Period 3: $66,390.; Period 4: $35,060.; Period 5: \$50,900.; 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 5 years." 3.82 years / Reject 3.52 years / Accept 3.52 years / Reject 2.11 years / Accept 2.11 years / Reject 2.96 years / Reject 3.82 years / Accept

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