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Find the discounted payback period for the following project. The discount rate is 10% Project X Initial Outlay $17,846 Year 1 $5,711 Year 2 $5,499
Find the discounted payback period for the following project. The discount rate is 10%
| Project X | |
| Initial Outlay | $17,846 |
| Year 1 | $5,711 |
| Year 2 | $5,499 |
| Year 3 | $5,943 |
| Year 4 | $8,584 |
Round the answer to two decimal places
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International Financial Management
Authors: Geert Bekaert, Robert Hodrick
3rd edition
1107111820, 110711182X, 978-1107111820
