Question: 14. help solve please Project L requires an initial outiay at t=0 of $48,000, its expected cash inflows are $14,000 per year for 11 years,
Project L requires an initial outiay at t=0 of $48,000, its expected cash inflows are $14,000 per year for 11 years, and its WACC is 9%. What is the project's payback? Round your answer to two decimal places. years
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