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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

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 2.0 and 3.0 years, respectively.

Time: 0 1 2 3 4 5 6
Cash flow $4,400 $1,100 $2,300 $1,500 $1,500 $1,300 $1,100

Use the discounted payback decision rule to evaluate this project. (Round your answer to 2 decimal places.)

What is the discounted Payback (In Years)

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