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 "0" (zero).)

Project D
Time:	0	1	2	3	4	5
Cash flow:	$11,300	$3,380	$4,240	$1,580	$0	$1,060

DISCOUNTED PAYBACK PERIOD- ________________

Should the project be accepted or rejected?

multiple choice

• accepted

• rejected