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Find the Payback period for the following project: Project X Initial Outlay $8,320 Year 1 $3,960 Year 2 $3,980 Year 3 $3,900 Year 4 $6,640
Find the Payback period for the following project:
| Project X |
Initial Outlay | $8,320 |
Year 1 | $3,960 |
Year 2 | $3,980 |
Year 3 | $3,900 |
Year 4 | $6,640 |
The answer should be calculated to two decimal places.
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