Problem $13-21$ NPV $($LG$13-3)$

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 $7$ percent, and that the maximum allowable payback and discounted payback statistics for the project are $2\mathrm{.}0$ and $3\mathrm{.}0$ years, respectively.

$\backslash$table$[[$Time:$,0,1,2,3,4,5,6],[$Cash flow:,$-$$$7,400,$$$1,170,$$$2,370,$$$1,570,$$$1,570,$$$1,370,$$$1,170$