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 $12$ percent, and that the maximum allowable payback and discounted payback statistics for your company are $2\mathrm{.}5$ and $3\mathrm{.}0$ years, respectively.

Time: $012345$

Cash flow: $$$ $228,000$ $ $65,100$ $ $83,300$ $ $140,300$ $ $121,300$ $ $80,500$

Use the PI decision rule to evaluate this project.

Note: Do not round intermediate calculations and round your final answer to $2$ decimal places.