Compute the discounted payback statistic for project c if, Finance Basics

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Compute the discounted payback statistic for project c if

Question: Compute the discounted payback statistic for Project C if the appropriate cost of capital is 7 percent and the maximum allowable discounted payback period is three years. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Project C Time: 0 1 2 3 4 5

Cash flow -$1,400 $640 $600 $640 $380 $180

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