compute the discounted payback statistic for project D if the appropriate cost of capital is 12 percent and the maximum allowable discounted payback is four years. (Do not round intermediate calculations and round your final answer to 2 decimal place. 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?