Check my work 3 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.) 6.25 points Project C Time: Cash flow: o -$2,000 1 $880 2 $780 3 $820 4 $500 5 $300 eBook Hint Discounted payback period years Print References Should the project be accepted or rejected