Should the project be accepted or rejected.

Compute the discounted payback statistic for Project C 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 C Time: 1 2 4 Cash flow: $3,000 $1,280 $1,080 $1,120 $700 $500 Discounted payback period years