Compute the discounted payback statistic for Project D if the appropriate cost of capital is 11 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:	$11,100	$3,360	$4,200	$1,540	$0	$1,020

Discounted payback period ______? Years

Should the project be accepted or rejected?

multiple choice

• accepted?

• rejected?