Find the payback period for the following project. The discount rate is 9% Project X Initial outlay.
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Question:
Find the payback period for the following project. The discount rate is 9%
Project X
Initial outlay. $8,363
Year1 $3,522
Year2 $3,881
Year3 $5,192
Year4 $7,183
Calculate the answer to two decimal places
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