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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 9 percent, and that the maximum allowable payback and discounted payback statistics for the project are 3.5 and 4.5 years, respectively Time: Cash LE 0 -55.100 1 51.280 2 52.480 1 $1,60 61.680 $1,480 1.280 Use the PI decision rule to evaluate this project. (Do not round Intermediate calculations and round your final answer to 2 decimal places.) PI Should it be accepted or rejected? O rejected accepted

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