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 2.0 and 3.0 years, respectively.

Time:	0	1	2	3	4	5	6
Cash flow:	$4,600	$1,120	$2,320	$1,520	$1,520	$1,320	$1,120

Use the discounted payback decision rule to evaluate this project. (Round your answer to 2 decimal places.)

Should it be accepted or rejected? multiple choice

rejected

accepted