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. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Project C Time: Cash flow: 0 1 -$2,800 $1,200 2. $1,020 3 $1,060 4 $660 5 $460 Discounted payback period years