Compute the discounted payback statistic for Project Y and recommend whether the firm should accept or reject the projec

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Compute the discounted payback statistic for Project Y and
recommend whether the firm should accept or reject the project with
the cash flows shown as follows if the appropriate cost of capital
is 12 percent and the maximum allowable discounted payback is three
years. Time: 0 1 2 3 4 5 Cash flow: −5,000 500 2,000 3,000 1,500
500 Multiple Choice
a)3.45 years, reject
B)3.45 years, accept
C)3.86 years, reject
d)3.86 years, accept