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Problem 13-7 Discounted Payback (LG13-2) Compute the discounted payback statistic for Project C if the...

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Problem 13-7 Discounted Payback (LG13-2) 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: Cash flow: 1 -$2,700 $1,160 2 $990 3 $1,030 4 $640 5 $440 Discounted payback period years Should the project be accepted or rejected? O accepted O rejected

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