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Find the payback period for the following project Initial Outlay $8,270 Year 1 $3,140 Year 2 $3,010 Year 3 $3,690 Year 4 $7,630 The answer

Find the payback period for the following project Initial Outlay $8,270 Year 1 $3,140 Year 2 $3,010 Year 3 $3,690 Year 4 $7,630 The answer should be calculated to the two decimal places.

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