Question: 5. Problem 11.05 (Discounted Payback) Project L requires an initial outiay at t=0 of $60,000, its expected cash inflows are $14,000 per year for 9

 5. Problem 11.05 (Discounted Payback) Project L requires an initial outiay

5. Problem 11.05 (Discounted Payback) Project L requires an initial outiay at t=0 of $60,000, its expected cash inflows are $14,000 per year for 9 years, and its wacc is 134 , What is the projectir disceuted naybech? Do not round intermediate calculations. Aound your answer to two decimal ploces. years

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