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Find the Payback period for the following project: Project X Initial Outlay $8,840 Year 1 $3,590 Year 2 $3,240 Year 3 $3,710 Year 4 $6,400

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Find the Payback period for the following project: Project X Initial Outlay $8,840 Year 1 $3,590 Year 2 $3,240 Year 3 $3,710 Year 4 $6,400 The answer should be calculated to two decimal places

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