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Find the Discounted Payback period for the following project. The discount rate is 8 % . Project X . Initial outlay $ 8 , 3

Find the Discounted Payback period for the following project. The discount rate is 8%. Project X. Initial outlay $8,379. Year 1: $3,205; year 2: $3,384; year 3: $5,689; year 4: $6,715. round answer to two decimal places.

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