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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

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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 three years. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Project Time: Cash flow: 2 5870 $1,000 3 $910 -$2,300 4 $566 5 $360 Discounted payback period years Should the project be accepted or rejected? O accepted O rejected

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