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

$\backslash$table$[[$Time:$,0,1,2,3,4,5],[$Cash flow:,$-$$$285,000,$$$47,800,$$$66,000,$$$105,000,$$$104,000,$$$63,200$