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. 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	$11,900	$3,440	$4,360	$1,700	$0	$1,180

Discounted payback period

Should the project be accepted or rejected?

	Accepted
	Rejected