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# 6A (Payback period and Discounted Payback period)

6A (Payback period and Discounted Payback period)

Question 4

Find the Discounted Payback period for the following project. The Discount rate is 9%

Project X

Intial Outlay $17,208

Year 1 $5,359

Year 2 $5,543

Year 3 $5,547

Year 4 $8,423

Round the answer to two decimal places