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. (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: $1,500 $680 $630 $670 $400 $200

Discounted Payback Period:_____years