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Find the Discounted Payback period for the following project.

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Find the Discounted Payback period for the following project. The discount rate is 7%

Project X

Initial Outlay $8,344

Year 1 $3,932

Year 2 $3,073

Year 3 $5,197

Year 4 $7,414

Round the answer to two decimal places.

 
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