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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 round intermediate calculationsand round your final answer to 2 decimal places.)Project CTime:012345Cash flow:–$2,400$1,040$900$940$580$380Should the project be accepted or rejected?Discounted payback period______ yearsacceptedrejected
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