Question: 13. Problem 11.04 (Payback Period) ebook Problem Walk Through Project L requires an initial outlayatt- of $47,000, its expected cash inflows are $10,000 per year

13. Problem 11.04 (Payback Period) ebook Problem Walk Through Project L requires an initial outlayatt- of $47,000, its expected cash inflows are $10,000 per year for 9 years, and its WACC S What is the project's payback? Round your answer to two decimal places Years

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