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 $2\mathrm{.}0$ and $3\mathrm{.}0$ years, respectively.

Time: $0123456$

Cash flow: $$$$7,300$ $$1,120$ $$2,320$ $$1,520$ $$1,520$ $$1,320$ $$1,120$

Use the NPV decision rule to evaluate this project.