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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

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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 -$12,400 $3,490 2 $4,460 3 $1,800 4 $0 5 $1,280 Discounted payback period years Should the project be accepted or rejected? accepted rejected

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