Question 1 (1 point) Find the Payback period for the following project: Project X Initial Outlay $8,670 Year 1 $3,740 Year 2 $3,700 Year 3 $3,590 Year 4 $7,140 The answer should be calculated to two decimal places. Your Answer: Answer Next Page Find the Payback period for the following project: Project Y Initial Outlay $18,600 Year 1 $5,880 Year 2 $5,160 Year 3 $5,350 Year 4 $7,530 The answer should be calculated to two decimal places. Your Answer: Find the Payback period for the following project: Project Y Initial Outlay $18,600 Year 1 $5,880 Year 2 $5,160 Year 3 $5,350 Year 4 $7,530 The answer should be calculated to two decimal places. Your