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 statistic for the project are $3$ and $4\mathrm{.}5$ years, respectively.

$\backslash$table$[[$Time$,0,1,2,3,4,5,],[$Cash Flow,$-1,140,40,560,760,760,360,760]]$

Use the NPV decision rule to evaluate this project; should it be accepted or rejected?

Multiple Choice

$$-414\mathrm{.}91,$ reject

$$925\mathrm{.}09,$ accept