Compute the discounted payback statistic for Project if the appropriate cost of capital is 6 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 Time: Can now 0 -$3,000 1 $1,200 2 $1,000 3 $1,120 4 $700 5 $500 Discounted payback period years Should the project be accepted or rejected? O accepted O rejected