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 3.5 and 4.5 years, respectively.

Time:	0	1	2	3	4	5	6
Cash flow:	$ 4,800	$ 1,210	$ 2,410	$ 1,610	$ 1,610	$ 1,410	$ 1,210

Use the discounted payback decision rule to evaluate this project.

Note: Round your answer to 2 decimal places.

Should it be accepted or rejected?

(Click to select) Accepted Rejected