Problem 13-17 Payback (LG13-2) 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. 1 Time: Cash flow: 2 $2,420 $1,220 4 $1,540 5 $1,420 -$4,900 $1,620 6 $1,220 Use the payback decision rule to evaluate this project. (Round your answer to 2 decimal places.) Payback years Should it be accepted or rejected? O accepted O rejected