Compute the discounted payback statistic for Project C if the appropriate cost of capital is 8 percent and the maximum allowable discounted payback period is three years. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Project C Time: 0 1 2 3 4 5 Cash flow $1,900 $840 $750 $790 $480 $280 Discounted payback period years Should the project be accepted or rejected? Rejected Accepted