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: $012345$

Cash flow: $$$$3,000$ $$1,280$ $$1,080$ $$1,120$ $$700$ $$500$