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: 1 -$2,600 $1,120 $960 3 $1,000 $620 5 $420 Discounted payback period years Should the project be accepted or rejected? accepted rejected