Question: Assignment Score: 0.00% Save Submit Assignment for Grading aestions Problem 11.01 (Payback Period) Question 4 of 9 Check My Work eBook Project L costs $70,000,

Assignment Score: 0.00% Save Submit Assignment for Grading aestions Problem 11.01 (Payback Period) Question 4 of 9 Check My Work eBook Project L costs $70,000, its expected cash inflows are $11,000 per year for 8 years, and its WACC is 11%. What is the o project's payback? Round your answer to two decimal places. years

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