Suppose your firm is considering investing in a project with the cash flow shown below, that the required rate of return on projects of this risk class is 11%, and that the maximum allowable payback and discounted payback statistics for your company are 3 and 3.5 years, respectively

Time	0	1	2	3	4	5
Cash flow	-$235,000	$65,800	$84,000	$141,000	$122,000	$81,200

. Use the discounted payback decision rule to evaluate this project; should it be accepted or rejected?

Show your work in Excel.