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Compute the discounted payback statistic for Project C if the appropriate cost of capital is 8 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 8 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: 0 -$2,100 1 $920 2 $810 3 $850 4 $520 5 $320 Discounted payback period years Should the project be accepted or rejected? accepted rejected

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