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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

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: $11,600 $3,410 $4,300 $1,640 $0 $1,120 Should the project be accepted or rejected?

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