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Find the Discounted Payback period for the following project. The discount rate is 7 % Project X Initial Outlay : $ 1 6 , 9

Find the Discounted Payback period for the following project. The discount rate is 7%
Project X
Initial Outlay : $16,981
Year 1
$5,480
Year 2
$5,532
Year 3
$5,584
Year 4
$8,551
Round the answer to two decimal places.

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