Question: 37. Problem 11.04 (Payback Period) ebook Problem Walk-Through Project L requires an initial outlay at t of 71,000, its expected cash inflows are $13,000 per
37. Problem 11.04 (Payback Period) ebook Problem Walk-Through Project L requires an initial outlay at t of 71,000, its expected cash inflows are $13,000 per year for 12 years, and its WACC is 13%What is the project's payback? Round your answer to two decimal places years S
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