Solution for QID #41390: Question 1) Find the Payback period for the following projec | StudyHelpMe

Question 1) Find the Payback period for the following project:                                             Project X Initial Outlay                         $8,050 Year 1                                  $3,810 Year 2                                  $3,830 Year 3                                  $3,960 Year 4                                   $6,830 The answer should be calculated to two decimal places.