Attempts 9. Problem 10-05 (Payback) eBook years Keep the Highest / 1 Payback A project has an initial cost of $65,000, expected net cash inflows of $12,000 per year for 9 years, and a cost of capital of 11%. What is the project's payback period? Round your answer to two decimal places. Attempts Keep the Highest / 1 8. Problem 10-04 (Profitability Index) eBook Profitability Index A project has an initial cost of $35,000, expected net cash inflows of $12,000 per year for 11 years, and a cost of capital of 8%. What is the project's PI? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places