Compute the discounted payback statistic for Project D if the appropriate cost of capital is 13 percent and the maximum allowable discounted payback is four years. (Do not round intermediate calculations and round your final answer to 2 decimal places. If the project does not pay back, then enter a "0" (zero).)      Project D   Time: 0 1 2 3 4 5   Cash flow –$11,800 $3,430 $4,340 $1,680 $0 $1,160      Discounted payback period    Should the project be accepted or rejected? Accepted Rejected.

Suppose your firm is considering two mutually exclusive, required projects with the cash flows shown below. The required rate of return on projects of both of their risk class is 8 percent, and that the maximum allowable payback and discounted payback statistic for the projects are 2 and 3 years, respectively.   Time: 0 1 2 3   Project A Cash Flow -25,000 15,000 35,000 6,000   Project B Cash Flow -35,000 15,000 25,000 55,000 Use the NPV decision rule to evaluate these projects; which one(s) should it be accepted or rejected?