Question: Check My Work (3 remaining) E eBook Problem Walk-Through Project L requires an initial outlay at t -0 of $66,000, its expected cash inflows are
Check My Work (3 remaining) E eBook Problem Walk-Through Project L requires an initial outlay at t -0 of $66,000, its expected cash inflows are $14,000 per year for 12 years, and its WACC is 13%. What is the project's payback? Round your answer to two decimal places. years
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