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.

Note: Do not round intermediate calculations and round your final answer to $2$ decimal places.

Project C

Time: $012345$

Cash flow: $$$ $1,700$ $ $760$ $ $690$ $ $730$ $ $440$ $ $240$