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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. Round your final answer to 2 decimal places.)

Project C

Time: 0 1 2 3 4 5

Cash flow -$2,600 $1,120 $960 $1,000 $620 $420

Discounted payback period_____________years

Should the project be accepted or rejected?

Accepted

Rejected

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