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Find the payback period for the following project Project Y Initial outlay. $8,140 Year1 $3,550 Year2 $3,740 Year3 $3,820 Year4 $5,660 Calculate the answer to

Find the payback period for the following project

Project Y

Initial outlay. $8,140

Year1 $3,550

Year2 $3,740

Year3 $3,820

Year4 $5,660

Calculate the answer to two decimal places

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