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.

Note: 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:	-$12,200	$3,470	$4,420	$1,760	$0	$1,240

Discounted Payback Period:___

Should the project be accepted or rejected?

(Click to select) Accepted Rejected