3. Project L costs $70,000, its expected cash inflows are $13,000 per year for 8 years, and...

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3. Project L costs $70,000, its expected cash inflows are $13,000 per year for 8 years, and its WACC is 10%. What is the project's payback? Round your answer to two decimal places. (Please show work so I understand the process.)

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Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-1133541141

13th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Mar 07, 2024 11:01 PM

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3. Project L costs $70,000, its expected cash inflows are $13,000 per year for 8 years, and...

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Heres how Payback Period Formula The payback period is the number of years it takes to recover the initial investment of a project based on its net ca... View the full answer

Fundamentals of Financial Management

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