9 Compute the discounted payback statistic for Project C if the appropriate cost of capital is 7 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.) Project C Time: Cash flow: 0 1 -$2,300 $1,000 2 $870 3 $910 4 $560 5 $360 2 01:00:46 Discounted payback period years Should the project be accepted or rejected? accepted rejected