Compute the discounted payback statistic for Project C if th

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: 0 1 2 3 4 5 Cash flow –$1,400 $640 $600 $640 $380 $180 Discounted payback period years Should the project be accepted or rejected?

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