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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 35 and 45 years, respectively Time: Cash flow: -55,000 $1,200 52,400 51,600 $1.000 $1,400 $1,200 Use the discounted payback decision rule to evaluate this project. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Dincounted payback years Should it be accepted or rejected? rejected accepted

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