Compute the discounted payback statistic for Project D if the appropriate cost of capital is 13 percent and the maximum allowable discounted payback is four years. (Do not round intermediate calculations and round your final answer to 2 decimal places. If the project does not pay back, then enter a "0" (zero).)

Project D
Time:	0	1	2	3	4	5
Cash flow:	$11,800	$3,430	$4,340	$1,680	$0	$1,160

Should the project be accepted or rejected?

multiple choice

• accepted

• rejected