Question: ass Work ignment: Part 4 Class Work stions Problem 11.04 (Payback Period) Assignment Score: 55.55% Save Submit Assignment for Grading Question 4 of 9

ass Work ignment: Part 4 Class Work stions Problem 11.04 (Payback Period)

ass Work ignment: Part 4 Class Work stions Problem 11.04 (Payback Period) Assignment Score: 55.55% Save Submit Assignment for Grading Question 4 of 9 Check My Work (4 remaining) eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $65,000, its expected cash inflows are $9,000 per year for 11 years, and its WACC is 11%. What is the project's payback? Round your answer to two decimal places. 7.76 years Hide Feedback Incorrect

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