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Problem 13-8 Discounted Payback (LG13-2) Compute the discounted payback statistic for Project Dif the appropriate cost of capital is 11 percent and the maximum allowable

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Problem 13-8 Discounted Payback (LG13-2) Compute the discounted payback statistic for Project Dif the appropriate cost of capital is 11 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: Cash flow 0 1 -$11,400 $3,390 2 $4,260 3 $1,600 4 $0 5 $1,080 Discounted payback period years Should the project be accepted or rejected? accepted Orejected

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