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. 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: 0 1 2 3 4 5 Cash flow: $12,700 $3,520 $4,520 $1,860 $0 $1,340

Find discount payback period in years