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Compute the discounted payback statistic for Project C if the appropriate cost of capital is 8 percent and the maximum allowable discounted payback period

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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 2 3 4 5 -$2,100 $920 $810 $850 $520 $320 Discounted payback period years Should the project be accepted or rejected? O accepted O rejected

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