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Compute the discounted payback statistic for Project D if the appropriate cost of capital is 11 percent and the maximum allowable discounted payback is four

Compute the discounted payback statistic for Project D if the appropriate cost of capital is 11 percent and the maximum allowable discounted payback is four years. (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: 0 1 2 3 4 5

Cash flow: $12,700 $3,520 $4,520 $1,860 $0 $1,340

Discounted Payback Statistic:

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