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 $3\mathrm{.}5$ and $4\mathrm{.}5$ years, respectively.

$\backslash$table$[[$Time:$,0,1,2,3,4,5,6],[$Cash flow:,$-$$$5,000,$$$1,270,$$$2,470,$$$1,670,$$$1,670,$$$1,470,$$$1,270$