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 $3$ and $3\mathrm{.}5$ years, respectively.

Time: $012345$

Cash flow: $$$ $235,000$ $ $65,800$ $ $84,000$ $ $141,000$ $ $122,000$ $ $81,200$

Use the discounted payback decision rule to evaluate this project.