Question: Attempts: Keep the Highest: 11 5. Problem 11.05 Click here to read the eBook: Payback Period DISCOUNTED PAYBACK Project L costs $45,000, its expected cash

 Attempts: Keep the Highest: 11 5. Problem 11.05 Click here to

Attempts: Keep the Highest: 11 5. Problem 11.05 Click here to read the eBook: Payback Period DISCOUNTED PAYBACK Project L costs $45,000, its expected cash inflows are $11,000 per year for 8 years, and its WACC is 8%. What is the project's discounted payback Round your answer to two decimal places years Cantinue without

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