question archive 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

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

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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.

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