%23 Compute the discounted payback statistic for ProjectCif the appropriate cost of capital is 7 percent and the maximum allowable discounted payback period is three yearss. (Do not round Intermedlate...

Extracted text: %23 Compute the discounted payback statistic for ProjectCif the appropriate cost of capital is 7 percent and the maximum allowable discounted payback period is three yearss. (Do not round Intermedlate colculatlons ond round your final answer to 2 declmal places.) Project C 1. $1,840 3. $940 4. $580 2. 5. Cash flow: -%242,400 Discounted payback period years. Should the project be accepted or rejected? Vaccepted O rejected