Compute the discounted payback statistic for Project D if theappropriate cost of capital is 12 percent and the maximum allowablediscounted payback is four years. (Do not roundintermediate calculations and round your final answer to 2 decimalplaces. If the project does not pay back, then enter a "0"(zero).)
| Project D | | | | | | |
| Time: | 0 | 1 | 2 | 3 | 4 | 5 |
| Cash flow: | –$11,000 | $3,350 | $4,180 | $1,520 | $300 | $1,000 |
Discounted payback period _______ years
Should the project be accepted or rejected?
