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 $2\mathrm{.}0$ and $3\mathrm{.}0$ years, respectively.

Use the PI decision rule to evaluate this project.

Note: Do not round intermediate calculations and round your final answer to $2$

decimal places.

$Pl$

Should it be accepted or rejected?

$($Click to select$)$