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 : 1 2 -$2,400 $1,040 3 $940 $900 $580 $380 Discounted payback period years Should the project be accepted or rejected? O accepted O rejected