4 Problem 13-7 Discounted Payback (LG13-2) 8.33 points Compute the discounted payback statistic for Project C if the appropriate cost of capital is 8 percent and the maximum allowable discounted payback period is three years. (Do not round intermediate calculations and round your final answer to 2 decimal places.) eBook Project C Time: Cash flow: -$2,200 1 $960 2 3 4 5 $840 $880 $540 $340 Hint Print References Discounted payback period years Should the project be accepted or rejected? O accepted Orejected