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Find the Discounted Payback period for the following project. The discount rate is 7% Project X Initial Outlay $16,919 Year 1 $5,012 Year 2 $5,998

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

Project X

Initial Outlay

$16,919

Year 1

$5,012

Year 2

$5,998

Year 3

$5,827

Year 4

$8,258

Round the answer to two decimal places.

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