Suppose your firm is considering investing in a project with the cash flows shown as follows, 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 three and a half and four and a half years, respectively. Use the NPV decision to evaluate this project; should it be accepted or rejected?Time$0123456$Cash Flow$ $5,000$$ $1,200$$ $1,400$$ $1,600$$ $1,600$$ $1,100$$ $2,000$