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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 final answer to 2 decimal
places.)
Discounted payback period
years
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