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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

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 finalanswer to 2 decimal places.)

Project CTime:012345Cash flow:-$1,400$640$600$640$380$180

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