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. Timet Cashflow: 0 -55,000 1 $1,230 2 $2.430 3 $1,630 4 $3.550 5 $1,430 6 $1,230 Use the payback decision rule to evaluate this project. (Round your answer to 2 decimal places.) Payback years Should it be accepted or rejected? accepted rejected