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. Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Project C 0 1 Time: Cash flow: -$ 1,400 $ 640 Discounted payback period 2 $ 600 (Click to select) Should the project be accepted or rejected? 3 $ 640 years 4 $ 380 5 $ 180

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. Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Project C Should the project be accepted or rejected