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.) Time: Cash flow: -$1,700 $760 690 $730$440 $ 240 Discounted payback period years Should the project be accepted or rejected? O accepted O rejected