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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 25 and 3.5 years, respectively Time: Cash flow: 0 -$4,500 61,150 6,350 61,550 4 $1.550 5 61, 350 6 $1,150 Use the payback decision rule to evaluate this project. (Round your answer to 2 decimal places.) Payback years

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