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 $11$ percent, and that the maximum allowable payback and discounted payback statistics for your company are $2\mathrm{.}5$ and $3\mathrm{.}0$ years, respectively.

Time: $012345$

Cash flow: $$$$356,000$ $$65,700$ $$83,900$ $$140,900$ $$121,900$ $$81,100$

Use the NPV decision rule to evaluate this project. $($Do not round intermediate calculations and round your final answer to $2$ decimal places.$)$

Should it be accepted or rejected?

multiple choice

accepted

rejected