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Find the payback period for the following project Initial Outlay $18,500 Year 1 $5,070 Year 2 $5,210 Year 3 $5,670 Year 4 $7,230 The answer

Find the payback period for the following project Initial Outlay $18,500 Year 1 $5,070 Year 2 $5,210 Year 3 $5,670 Year 4 $7,230 The answer should be calculated to the two decimal places.

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