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Project YTime Cash Flow0 -5,0001 5002 20003 30004 15005 500Compute the discounted payback statistic for Project Y andrecommend whether the firm should accept or reject the project withthe cash flows shown in the table if the appropriate cost ofcapital is 12 percent and themaximum allowable discounted payback is 3.5 years.A. 3.00 years, acceptB. 3.45 years, acceptC. 3.86 years, acceptD. 3.45 years, rejectE. 3.86 years, reject
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