Saved Help 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 -$1,700 1 $760 2 $ 690 3 $730 4 $440 5 $240 Discounted payback period years Should the project be accepted or rejected? O accepted O rejected