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Suppose your firm is considering investing in a project

/in /by

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 14 percent, and that the maximum allowable payback and discounted payback statistic for the project are 2 and 3 years, respectively.

Time 0 1 2 3 4 5 6
Cash Flow -960 160 440 640 640 240 640

Use the payback decision rule to evaluate this project; should it be accepted or rejected?

 
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