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 3.5 and 4.5 years, respectively. 1 Time: Cash flow: 0 -$5,200 2 $2,490 $1,290 5 $1,490 $1,690 $1,610 $1,290 Use the payback decision rule to evaluate this project. (Round your answer to 2 decimal places.) s Payback years Should it be accepted or rejected? O accepted O rejected