Question: Back to Assignment Attempts Keep the Highest / 1 9. Problem 10-05 (Payback) ebook Payback A project has an initial cost of $55,000, expected net

Back to Assignment Attempts Keep the Highest / 1 9. Problem 10-05 (Payback) ebook Payback A project has an initial cost of $55,000, expected net cash inflows of $10,000 per year for 9 years, and a cost of capital of 12%. 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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