Question: 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

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. Round your final answer to 2 decimal places) Time: 0 1 2 3 4 5 Cash Flow: -$2100 $920 $810 $850 $520 $320 Discounted payback period = ? years

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