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QUESTION

FINAL FINANCE QUESTION 8

Question 8

Find the Discounted Payback period for the following project. The discount rate is 6%.

                                                     Project X

Intial Outlay                          $8,177

Year 1                                    $3,676

Year 2                                  $3,709

Year 3                                   $5,031

Year 4                                   $7,462

Round answer to two decimal places.

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