Question: Back to Assignment Attempts Keep the Highest / 1 12. Problem 10-05 (Payback) Fit eBook Payback A project has an initial cost of $50,000, expected

Back to Assignment Attempts Keep the Highest / 1 12. Problem 10-05 (Payback) Fit eBook Payback A project has an initial cost of $50,000, expected net cash inflows of $11,000 per year for 9 years, and a cost of capital of 13%. What is the project's payback period? Round your answer to two decimal places. years Grade it Now Save & Continue Continue without saving
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