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Find the Payback period for the following project: Project X Initial Outlay $8,770 Year 1 $3,830 Year 2 $3,220 Year 3 $3,580 Year 4 $7,680

Find the Payback period for the following project: Project X Initial Outlay $8,770 Year 1 $3,830 Year 2 $3,220 Year 3 $3,580 Year 4 $7,680 The answer should be calculated to two decimal places

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