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Find the Payback period for the following project: Project X $8,870 Initial Outlay $3,620 Year 1 $3,430 Year 2 Year 3 $3,660 $7,010 Year 4

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Find the Payback period for the following project: Project X $8,870 Initial Outlay $3,620 Year 1 $3,430 Year 2 Year 3 $3,660 $7,010 Year 4 The answer should be calculated to two decimal places

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