Problem $13-4$ Discounted Payback $($LG$13-2)$

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

$\backslash$table$[[$Time:$,,0,1,2,3,4,5],[$Cash flow:,$-$$$2,000,$$$880,$$$780,$$$820,$$$500,$$$300,]]$

$\backslash$table$[[$Discounted payback period $,$years$]]$

Should the project be accepted or rejected?

$($Click to select$)vv$