Compute the discounted payback statistic for Project C if the appropriate cost of capital is 6 percent and the maximum allowable discounted payback period is three years. Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Project C Time: Cash flow: 0 -$ 2,700 $ 1,160 Discounted payback period Accepted 2 $ 990 Should the project be accepted or rejected? 3 $ 1,030 years 4 $ 640 5 $ 440

Compute the discounted payback statistic for Project C if the appropriate cost of capital is 6 percent and the maximum allowable discounted payback period is three years. Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Project C Should the project be accepted or rejected