Compute the discounted payback statistic for Project C if the appropriate cost of capital is 9 percent and the maximum allowable discounted payback period is three years. Note: 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: $ 1,200 $ 560 $ 540 $ 580 $ 340 $ 140

Find discount payback period in years