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 9 percent, and that the maximum allowable payback and discounted payback statistics for the project are 3.5 and 4.5 years, respectively. Time: Cash flow: Payback 0 1 2 3 4 -$4,900 $1,220 $2,420 $1,620 $1,540 Use the payback decision rule to evaluate this project. (Round your answer to 2 decimal places.) O rejected O accepted 4.30 years Should it be accepted or rejected? 5 $1,420 6 $1,220

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 9 percent, and that the maximum allowable payback and discounted payback statistics for the project are 3.5 and 4.5 years, respectively. Use the payback decision rule to evaluate this project. (Round your answer to 2 decimal places.) Should it be accepted or rejected? rejected accepted