Compute the discounted payback statistic for Project D if the appropriate cost of capital is $12$ percent and the maximum allowable discounted payback is four years.

Note: Do not round intermediate calculations and round your final answer to $2$ decimal places. If the project does not pay back, then enter a $"0"($zero$).$

Project D

Time: $012345$

Cash flow: $$$$12,400$ $$3,490$ $$4,460$ $$1,800$ $$0$ $$1,280$