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Find the Discounted Payback period for the following project. The discount rate is 9% Project X: Initial Outlay: $8,745 Year 1: $3,977 Year 2: $3,761

Find the Discounted Payback period for the following project. The discount rate is 9%

Project X:

Initial Outlay: $8,745

Year 1: $3,977

Year 2: $3,761

Year 3: $5,882

Year 4: $6,285

Round the answer to two decimal places.

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