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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

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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 9 percent, and that the maximum allowable payback and discounted payback statistics for the project are 35 and 4.5 years, respectively Tis: Cash Flow! 1 $1,220 2 $2,420 -54,900 $1,620 5 31,420 $1,540 $1,220 Use the payback decision rule to evaluate this project. (Round your answer to 2 decimal places) Payback years Should it be accepted or rejected? O rejected accepted

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