Problem 13-8 Discounted Payback (LG13-2)

Compute the discounted payback statistic for Project D if the appropriate cost of capital is 10 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:	0	1	2	3	4	5
Cash flow	$12,900	$3,540	$4,560	$1,900	$0	$1,380

Discounted payback period

Should the project be accepted or rejected?

	Accepted
	Rejected