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 2.5 and 3.5 years, respectively. Time: Cash flow: Payback 0 -$ 4,600 Use the payback decision rule to evaluate this project. Note: Round your answer to 2 decimal places. 1 2 3 4 5 6 $ 1,120 $ 2,320 $ 1,520 $ 1,520 $ 1,320 $ 1,120 (Click to select) years Should it be accepted or rejected?

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 ciass is 8 percent, and that the maximum allowable payback and discounted payback statistics for the project are 2.5 and 3.5 years, respectively. Use the payback decision rule to evaluate this project. Note: Round your answer to 2 decimal places. Should it be accepted or rejected