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Find the payback period for the following project Project X Initial outlay. $8,040 Year1 $3,080 Year2 $3,710 Year3 $7,760 Calculate the answer to two decimal

Find the payback period for the following project

Project X

Initial outlay. $8,040

Year1 $3,080

Year2 $3,710

Year3 $7,760

Calculate the answer to two decimal places

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