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 8 percent, and that the maximum allowable payback and discounted payback statistics for the project are 3.5 and 4.5 years, respectively.

suppose your film is considering investing in a project with the cash flows shown below, thal the required relum propects this risk dass is 8 percenl, and that the paybadk and discounted payback statistics for the project are 35 and 45 years, respectively. Time -$4.900 s 1,260 $2,460 $1,660 $1,580 $1,460 $1260 Use the payback decision rule to evaluate this project (Round your answer to 2 decimal places.) years Should it be accepted or rejected? Acoapted O Rejected Hints References Hint#1 Check my work