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Find the Discounted Payback period for the following project. The discount rate is 9% Project X Initial Outlay $16,921 Year 1 $5,872 Year 2 $5,086

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

	Project X
Initial Outlay	$16,921
Year 1	$5,872
Year 2	$5,086
Year 3	$5,640
Year 4	$8,751

Round the answer to two decimal places.

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