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Question 4 (1 point) Find the Payback period for the following project: Initial Outlay Year 1 Year 2 Year 3 Year 4 Your Answer: Project

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Question 4 (1 point) Find the Payback period for the following project: Initial Outlay Year 1 Year 2 Year 3 Year 4 Your Answer: Project X Answer $8,120 $3,360 $3,270 $3,570 The answer should be calculated to two decimal places. $6,780

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