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Question 3 (1 point) Find the Discounted Payback period for the following project. The discount rate is 7% Project X Initial Outlay $8,817 Year 1

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Question 3 (1 point) Find the Discounted Payback period for the following project. The discount rate is 7% Project X Initial Outlay $8,817 Year 1 $3,742 Year 2 $3,695 Year 3 $5,426 Year 4 $7,216 Round the answer to two decimal places

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