You are analyzing a project and have gathered the following data:

Year Cash Flow

0 - 175,000

1 47200

2 86300

3 46000

4 40700

Required payback period 2.5 years

Required AAR 7.50%

Required return 8,50%

based on the payback period of _____ years for this project, you should ___ the project

a) 2.10:accept

b) 2.48: accept

c) 2.10:reject

d) 3.48: reject

e) 2.90: reject

(show step by step work ) i need fourmulas , so please don't use schdual or excel to solve it!