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Find the discounted Payback period for the following project. The discount rate is 7% Project X Initial Outlay $8,817 Year 1 $3,889 Year 2 $3,341

Find the discounted Payback period for the following project. The discount rate is 7% Project X Initial Outlay $8,817 Year 1 $3,889 Year 2 $3,341 Year 3 $5,645 Year 4 $7,450 Round the answer to two de...

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