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:
0
1
2
3
4
5
Cash flow: -$2,900 $1,240 $1,050 $1,090 $680 $480
Discounted payback period
2.10 years
Should the project be accepted or rejected?
O accepted
O rejected