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 $20$ and $3\mathrm{.}0$ years, respectively.

$\backslash$table$[[$Time:$,0,1,2,3,4,5,],[$Cash flow:,$-$$$9,800,$$$1,040,$$$2,240,$$$1,440,$$$1,440,$$$1,240,$$$1,040$