Question: 12-7: Payback Period Problem 12-6 Discounted Payback A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 9

12-7: Payback Period Problem 12-6 Discounted Payback A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 9 years, and a cost of capital of 11%, what is the project's discounted payback period? Round your answer to two decimal places. years
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