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Find the Payback period for the following project: Project Y Initial Outlay $18,500 Year 1 $5,270 Year 2 $5,150 Year 3 $5,730 Year 4 $7,180

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Find the Payback period for the following project: Project Y Initial Outlay $18,500 Year 1 $5,270 Year 2 $5,150 Year 3 $5,730 Year 4 $7,180 The answer should be calculated to two decimal places

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