Solved by a verified expert :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. 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 ?$12,000 $3,450 $4,380 $1,720 $0 $1,200
Discounted payback period
