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 -$2,000 $880 2 $780 3 $820 4 $500 $300 Answer is not complete. Discounted payback years period Should the project be accepted or rejected? accepted rejected