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Find the payback period for the following project: Initial Outlay: $18,400 Year 1: $5,920 Year 2: $5,380 Year 3: $5,200 Year 4: $7,120 The answer
Find the payback period for the following project:
Initial Outlay: $18,400
Year 1: $5,920
Year 2: $5,380
Year 3: $5,200
Year 4: $7,120
The answer should be calculated to two decimal places
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