Question: Initial Outlay $5,000 Year 1 $3,000 Year 2 $3,500 r3 $3,20 Year 4 $2,800 Year 5 $2,500 What is the payback period? Round to the

Initial Outlay $5,000 Year 1 $3,000 Year 2 $3,500 r3 $3,20

Initial Outlay $5,000 Year 1 $3,000 Year 2 $3,500 r3 $3,20 Year 4 $2,800 Year 5 $2,500 What is the payback period? Round to the second decimal place. Type only numbers without any unit ($, %, etc.)

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