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13 Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of

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13 Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 8 percent, and that the maximum allowable payback and discounted payback statistics for the project are 2.0 and 3.0 years, respectively. 72 Onts Time Cash flow 0 -57,400 3 $1,550 $1,150 $2,350 $1,550 51.350 $1,150 Book Use the PI decision rule to evaluate this project (Do not round intermediate calculations and round your final answer to 2 decimal places.) Hint PI 10B Print References Should it be accepted or rejected? rejected O accepted

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