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 : 0 -$1,100 1 $520 2 $510 3 $550 4 $320 5 $120 Discounted payback period years Should the project be accepted or rejected? accepted O rejected