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 7 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:5,300 $1,300 $2,500 1,700 1,620 $1,500 $1,300 Use the payback decision rule to evaluate this project. (Round your answer to 2 decimal places.) years Payback Should it be accepted or rejected? O rejected Oaccepted