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Compute the discounted payback statistic for Project C if theappropriate cost of capital is 7 percent and the maximum allowablediscounted payback period is three years. (Do not roundintermediate calculations and round your final answer to 2 decimalplaces.) Project C Time: 0 1 2 3 4 5 Cash flow: –$1,700 $760 $690$730 $440 $240
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