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Suppose your firm is considering investing in a project with thecash flows shown below, that the required rate of return onprojects of this risk class is 11 percent, and that the maximumallowable payback and discounted payback statistics for yourcompany are 3.0 and 3.5 years, respectively. Time: 0 1 2 3 4 5 Cashflow: –$240,000 $66,300 $84,500 $141,500 $122,500 $81,700 Use thepayback decision rule to evaluate this project