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Find the discounted payback period for the following project. The discount rate 8%. Project X Initial Outlay $17,023 Year 1: $5,136 Year 2: $5,073 Year

Find the discounted payback period for the following project. The discount rate 8%.

Project X

Initial Outlay $17,023

Year 1: $5,136

Year 2: $5,073

Year 3: $5,625

Year 4: $8,037

Round the answer to two decimal places.

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