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Find the Discounted Payback period for the following project. The discount rate is 7% Project X Initial Outlay $8,742 Year 1 $3,732 Year 2 $3,009

Find the Discounted Payback period for the following project. The discount rate is 7%

Project X

Initial Outlay

$8,742

Year 1

$3,732

Year 2

$3,009

Year 3

$5,605

Year 4

$6,682

Round the answer to two decimal places.

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