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: Cash flow: 0 -$1,300 1 $600 2 $570 3 $610 4 $360 5 $160 Discounted payback period years