Question: 3. Problem 11.04 (Payback Period) ebook Problem Walk-Through Project requires an initial outlay at t 0 of $68,000, its expected cash inflows are $13,000 per

 3. Problem 11.04 (Payback Period) ebook Problem Walk-Through Project requires an

3. Problem 11.04 (Payback Period) ebook Problem Walk-Through Project requires an initial outlay at t 0 of $68,000, its expected cash inflows are $13,000 per year for 10 years, and its WACC is 13%. What is the project's payback? Round your answer to two decimal places Years

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