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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

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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