Compute the discounted payback statistic for Project C if the appropriate cost of capital is $8$ 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: $012345$

Cash flow: $$$$1,900$ $$840$ $$750$ $$790$ $$480$ $$280$