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Find the payback period for the following project: The discount rate is 8%. Project X Initial Outlay $8,440 Year 1 $3,770 Year 2 $3,890 Year

Find the payback period for the following project: The discount rate is 8%. Project X Initial Outlay $8,440 Year 1 $3,770 Year 2 $3,890 Year 3 $3,660 Year 4 $6,700

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