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 11 percent, and that the maximum allowable payback and discounted payback statistics for your company are 3.0 and 3.5 years, respectively Time: Cash flow 2 3 5 -$240,000 $66,300 $84,500 $141,500 $122,500 $81,700 Use the payback decision rule to evaluate this project. (Round your answer to 2 decimal places.) Payback Should the project be accepted or rejected? O Accepted years O Rejected Hints References eBook & Resources Hint#1 Check my wosk