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Find the payback period for the initial project Project X Initial Outlay $8,040 Year 1: $3,190 Year 2: $3,700 Year 3: $3,820 Year 4: $6,690

Find the payback period for the initial project

Project X

Initial Outlay $8,040

Year 1: $3,190

Year 2: $3,700

Year 3: $3,820

Year 4: $6,690

Round the answer to two decimal places.

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