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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 3,5 and 4,5 years, respectively. Time: Cash flow: -$5,000 $1,230 $2,430 $1,630 $1,550 $1,430 $1,230 Use the payback decision rule to evaluate this project. (Round your answer to 2 decimal places.) Answer is not complete. years Payback Should it be accepted or rejected? rejected accepted

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