Find the discounted payback period for the following project. The discount rate 7%. Project X Initial Outlay
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Question:
Find the discounted payback period for the following project. The discount rate 7%.
Project X
Initial Outlay $8,326
Year 1: $3,767
Year 2: $3,961
Year 3: $5,407
Year 4: $7,092
Round the answer to two decimal places.
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