Question: Initial outlay is $16,853 Year 1 $5,625 Year 2 $5,504 Year 3 $5,892 Year 4 $8,851 What is the discounted payback period? The discount rate

Initial outlay is $16,853

Year 1 $5,625

Year 2 $5,504

Year 3 $5,892

Year 4 $8,851

What is the discounted payback period? The discount rate is 10%...Round answer to two decimal points

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