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Find the discounted payback period for the following project
Find the discounted payback period for the following project. the discount rate is 6%
Project X
Initial outlay $8,746
year 1 $3,931
Year 2 $3,970
Year 3 $5,404
Year 4 $7,531
The answer should be calculated to two decimal places.
Expert Solution
The discounted payback period = 2.33 years
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