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: 198 -$1,400 Discounted payback period accepted O rejected $640 2 $600 years Should the project be accepted or rejected? Mi 3 4 $380 5 $180