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. 0 1 2 3 4 5 6 Time: Cash flow: -$5,000 $1,200 $ 2,400 $ 1,600 $ 1,600 $1,400 $1,200 Use the discounted payback decision rule to evaluate this project.

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. Use the discounted payback decision rule to evaluate this project