Homework answers / question archive / Find the payback period for the following project:   Year Cost Initial Outlay $8,910 Year 1 $3,980 Year 2 $3,520 Year 3 $3,700 Year 4 $5,330 The answer should be calculated to two decimal places

Find the payback period for the following project:   Year Cost Initial Outlay $8,910 Year 1 $3,980 Year 2 $3,520 Year 3 $3,700 Year 4 $5,330 The answer should be calculated to two decimal places

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Find the payback period for the following project:

The answer should be calculated to two decimal places. Show how your arrived at your answer