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Find the Discounted Payback period for the following project. The discount rate is 8%. Project X Initial Outlay $8,024 Year 1 $3,144 Year 2 $3,606

Find the Discounted Payback period for the following project. The discount rate is 8%.

Project X

Initial Outlay $8,024

Year 1 $3,144

Year 2 $3,606

Year 3 $5,341

Year 4 $7,593

Round the answer to two decimal places.

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