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Find the Payback period for the following project: Project Y Initial Outlay $18500 Year 1 $5940 Year 2 $5660 Year 3 $5250 Year 4 $6600

Find the Payback period for the following project:

Project Y
Initial Outlay $18500
Year 1 $5940
Year 2 $5660
Year 3 $5250
Year 4 $6600

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