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Find the Payback period for the following project: Project X Initial Outlay $18,800 Year 1 $5,350 Year 2 $5,350 Year 3 $5,620 Year 4 $7,000 The answer should be calculated to two decimal places.

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Find the Payback period for the following project:   Project X

Initial Outlay $18,800

Year 1 $5,350

Year 2 $5,350

Year 3 $5,620

Year 4 $7,000

The answer should be calculated to two decimal places.

 
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