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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 8 percent, and that the maximum allowable payback and discounted payback statistics for the project are 3.5 and 4.5 years, respectively Time! Cash flow: -45,200 $1.290 42,490 61,69061.610 41,490 $1,290 - 20 2,29094 Use the payback decision rule to evaluate this project (Round your answer to 2 decimal places.) Payback years Should it be accepted or rejected? rejected accepted

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