Question: A project has an Initial cost of 575,000 , expected net cash inflows of $14,000 per year for 8 years, and a cost of capital

 A project has an Initial cost of 575,000 , expected net

A project has an Initial cost of 575,000 , expected net cash inflows of $14,000 per year for 8 years, and a cost of capital of 12 . What is the project' 5 payback period? Round your answer to two decimal places years

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