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4 Connect Only Problem 13-14 PI (LG13-6) 10 points Suppose your firm is considering investing in a project with the cash flows shown below,

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4 Connect Only Problem 13-14 PI (LG13-6) 10 points 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. Time: 0 1 2 3 4 5 6 Cash flow: -$ 7,300 $ 1,120 $ 2,320 $ 1,520 $ 1,520 $ 1,320 $ 1,120 eBook Hint Use the Pl decision rule to evaluate this project. Print Note: Do not round intermediate calculations and round your final answer to 2 decimal places. References Should it be accepted or rejected? Rejected CI

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