Question: Compute the discounted payback statistic for Project C if the appropriate cost of capital is 9 percent and the maximum allowable discounted payback period is

Compute the discounted payback statistic for Project C if the appropriate cost of capital is 9 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: 0 1 $560 2 $540 3 $580 -$1,200 4 $340 5 $140 Discounted payback period 2.67 years Should the project be accepted or rejected? accepted O rejected
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