Suppose your firm is considering investing in a project with the cash flows shown as follows, that the required rate of return on projects of this risk class is $8$ percent, and that the maximum allowable payback and discounted payback statistic for the project are three and three and a half years, respectively.

Time $012345$

Cash Flow $100,00030,00045,00055,00030,00010,000$

Use the NPV decision rule to evaluate this project; should it be accepted or rejected?