Find the Discounted Payback period for the following project. The discount rate is 10% Project X Initial Outlay $8,422 Year 1 $3,981 Year 2 $3,322 Year 3 $5,771 Year 4 $7,686 Round the answer to two decimal places. Answer: 3:21 (how to arrive here, step needed)

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

	Project X
Initial Outlay	$16,500
Year 1	$5,048
Year 2	$5,370
Year 3	$5,561
Year 4	$8,936

Round the answer to two decimal places.

Answer: steps needed to arrive to (3.37)