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Problem 13-18 Discounted Payback (LG13-2) Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of

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Problem 13-18 Discounted 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 7 percent, and that the maximum allowable payback and discounted payback statistics for the project are 2.0 and 3.0 years, respectively Time Cash flow -$4,500 $1,110 $2,310 $1,510 $1,510 $1,310 $1,110 Use the discounted payback decislon nule to evaluate this project. (Round your answer to 2 decimal places.) Discounted payback Should it be accepted or rejected? O Accepted years O Rejected

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