Compute the discounted payback statistic for Project C if the appropriate cost of capital is 7 percent and the maximum allow discounted payback period is three years. (Do not round intermediate calculations and round your final answer to 2 deci places.) Project C Time: 0 1 2 3 4 5 Cash flow: -$2,000 $880 $780 $820 $500 $300 5 S Discounted payback period years Should the project be accepted or rejected? O accepted O rejected