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: 4 0 -$2,500 1 $1,080 2 $930 3 $970 $600 X Answer is complete but not entirely correct. Discounted payback period 2.65 X years Should the project be accepted or rejected? ac ted rejected