Compute the discounted payback statistic for Project C if the appropriate cost of capital is...

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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: 1 Cash flow:-1,400 $640 $600 $640 380 $180 Discounted payback period years Should the project be accepted or rejected? accepted rejected

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