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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

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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 c Time: Cash flow: 0 -$2,500 1 $1,080 2 $930 3 $970 4 $600 5 $400 Discounted payback period years Should the project be accepted or rejected? accepted O rejected