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Compute the discounted payback statistic for Project D if the appropriate cost of capital is 12 percent and the maximum allowable discounted payback is

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Compute the discounted payback statistic for Project D if the appropriate cost of capital is 12 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 "O" (zero).) Project D Time: Cash flow: 0 1 2 -$12,200 $3,470 $4,420 3 4 5 $1,760 $0 $1,240 Discounted payback period years Should the project be accepted or rejected? O accepted O rejected

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