Find the Payback period for the following project: Project Y Initial Outlay $19,000 Year 1 $5,770 Year
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Question:
Find the Payback period for the following project:
Project Y
Initial Outlay $19,000
Year 1 $5,770
Year 2 $5,740
Year 3 $5,320
Year 4 $6,890
The answer should be calculated to two decimal places.
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