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.

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

Project C

Time: $012345$

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