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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

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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.) ProjectC Time: Cash flow: 2 4 -$2,000 $880 $780 $820 $500 $300 Discounted payback period 238 years Should the project be accepted or rejected? Oaccepted O rejected

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