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 7 percent, and that the maximum allowable payback and discounted payback statistics for the project are 2.0 and 3.0 years, respectively. Time: Cash flow: PI 0 1 -$7,300 $1,110 Use the Pl decision rule to evaluate this project. (Do not round intermediate calculations and round your final answer to 2 decimal places.) -2 3 4 5 6 $2,310 $1,510 $1,510 $1,310 $1,110 Answer is complete but not entirely correct. (1.00) X Should it be accepted or rejected? rejected nnnnnata.

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 7 percent. and that the maximum allowable payback and discounted payback statistics for the project are 2.0 and 3.0 years, respectively. Use the PI 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? rejected