Suppose your firm is considering investing in a project with the cash flows shown below, that the required rate of return on projects o this risk class is $13$ percent, and that the maximum allowable payback and discounted payback statistics for your company are $3$ and $3\mathrm{.}5$ years, respectively.

$\backslash$table$[[$Time:$,0,1,2,3,,],[$Cash flow:,$-$$$315,000,$$$49,800,$$$68,000,$$$109,000,$$$106,000,$$$65,200$