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.) Project C Time: Cash flow: 0. 1 -$1,300 $600 2 3 4 5 $570 $610 $360 $160 Discounted payback period years Should the project be accepted or rejected? O accepted O rejected