Connect Only Problem $13-4$ Discounted Payback $($LG$13-2)$

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

Discounted payback period

jears