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The standard acceptable payback period is 4 years. Consider the following cash flows of a project: Year 0 1 2 3 4 5 CFs (

The standard acceptable payback period is 4 years. Consider the following cash flows of a project:
Year 012345
CFs ($)-1005030102050
Should this project be undertaken according to the payback period rule?
Multiple Choice
Accept, the payback period is 2.5 years
Accept, the payback period is 3.5 years
Reject, the payback period is 4.3 years
Reject, the payback period is 5 years
Reject, the project never pays back

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