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Find the discounted Payback period for the following project. The discount rate is 10%

Find the discounted Payback period for the following project. The discount rate is 10%

Project X
Initial Outlay $8,317
Year 1 $3,259
Year 2 $3,493
Year 3 $5,561
Year 4 $6,236
Round the answer to two decimal places

 
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