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 $11$ percent, and that the maximum allowable

payback and discounted payback statistics for your company are $2\mathrm{.}5$ and $3\mathrm{.}0$ years, respectively.

Use the discounted payback decision rule to evaluate this project. $($Do not round intermediate

calculations and round your final answer to $2$ decimal places.$)$

Should it be accepted or rejected?

Accepted

Rejected