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 and round your final answer to $2$ decimal places.$)$

$\backslash$table$[[$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?

accepted

rejected