question archive Find the Payback period for the following project:                             Project Y Initial Outlay       $18,600 Year 1                 $5,530 Year 2                 $5,940 Year 3                 $5,410 Year 4                 $7,590 The answer should be calculated to two decimal places

Find the Payback period for the following project:                             Project Y Initial Outlay       $18,600 Year 1                 $5,530 Year 2                 $5,940 Year 3                 $5,410 Year 4                 $7,590 The answer should be calculated to two decimal places

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Find the Payback period for the following project:

                            Project Y

Initial Outlay       $18,600

Year 1                 $5,530

Year 2                 $5,940

Year 3                 $5,410

Year 4                 $7,590

The answer should be calculated to two decimal places.

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