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: 2 4 Cash flow:-2,500 $1,080 $930 970 $600 $400 Discounted payback period years Should the project be accepted or rejected? accepted rejected