Compute the payback statistic for Project X and recommend whether the firm should accept or reject the project with the cash flows as follows if the appropriate cost of capital is 10% and the maximum allowable payback is 5 years. Time: 0 1 2 3 4 5
Cash flow: -75 -75 0 100 75 50

A. 4.67 years, accept
B. 3.67 years, reject
C. 4.67 years, reject
D. 3.67 years, accept