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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

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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. 4 Time Cash flow : e $5,000 2 $2,400 3 $1,600 $1,200 5 $1,400 $1,600 6 $1,200 Use the discounted payback decision rule to evaluate this project (Round your answer to 2 decimal places.) Discounted payback 325 years

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