Compute the payback statistic for Project X and recommend whether 1 firm should accept or reject the project with the cash flows shown as follows if the appropriate cost of capital is 9 percent and...

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Extracted text: Compute the payback statistic for Project X and recommend whether 1 firm should accept or reject the project with the cash flows shown as follows if the appropriate cost of capital is 9 percent and the maximum allowable payback is four years. Time: 1 2 4 5 Cash flow: -1,000 -75 100 100 2,000 Multiple Cholce 4.4375 years, reject 4.78 years, accept 3.4375 years, accept 3.78 years, reject