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Find the Discounted Payback period for the following project. The discount rate is 7% Project X Initial Outlay $8,181 Year 1 $3,857 Year 2 $3,123

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

Project X

Initial Outlay $8,181

Year 1 $3,857

Year 2 $3,123

Year 3 $5,611

Year 4 $6,999

Round the answer to two decimal places.

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