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

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Problem 13-8 Discounted Payback (LG13-2) Compute the discounted payback statistic for Project D if 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 -$12,300 $3,480 2 $4,440 3 $1,780 4 $0 5 $1,260 Discounted payback period years Should the project be accepted or rejected? accepted rejected

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