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 $7$ percent, and that the maximum allowable payback and discounted payback statistics for the project are $3\mathrm{.}5$ and $4\mathrm{.}5$ years, respectively.

$\backslash$table$[[$Time:$,,,,,,,],[$Cash flow:,$-$$$8,000,$$$1,100,$$$2,300,$$$1,500,$$$1,500,$$$1,300,$$$1,100$