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Compute the discounted payback statistic for Project C if the appropriate cost of capital is 6 percent and the maximum allowable discounted payback period is

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Compute the discounted payback statistic for Project C if the appropriate cost of capital is 6 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: 2 3 5 -$2,900 $1,240 $1,050 $1,090 $680 $480 Discounted payback period years This is a numeric cell, so please enter numbers only. Should the project be accepted or rejected? O accepted rejected

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