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D Question 12 1 pts Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of

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D Question 12 1 pts Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects of this risk class is 8 percent, and that the maximum allowable payback and discounted payback statistics for the project are 2.0 and 3.0 years, respectively. 1 3 4 5 Time: Cash flow 0 -$7,400 $1,150 $2,350 $1,550 $1,550 $1,350 $1,150 Use the Pl decision rule to evaluate this project. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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