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Problem 1 3 - 2 2 PI ( LG 1 3 - 6 ) Suppose your firm is considering investing in a project with the

Problem 13-22 PI (LG13-6)
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 9 percent, and that the maximum allowable payback and discounted payback statistics for the project are 3.5 and 4.5 years, respectively.
\table[[Time:,0,1,2,3,4,5,6],[Cash flow:,-$5,200,$1,250,$2,450,$1,650,$1,650,$1,450,$1,250
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