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. Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Project C Time: 0 1 2 3 4 5 Cash flow: $ 2,500 $ 1,080 $ 930 $ 970 $ 600 $ 400 Should the project be accepted or rejected?