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Find the discounted Payback period for the following project. The discountrate is 9% ProjectX Initial Outlay $8,648 Year 1 $3,089 Year 2 $3,395 Year 3

Find the discounted Payback period for the following project. The discountrate is 9%

ProjectX
Initial Outlay $8,648
Year 1 $3,089
Year 2 $3,395
Year 3 $5,624
Year 4 $7,110

Round the answer to two decimal places

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