Question: Check My Work (3 remaining) ED eBook Problem Walk-Through Project L requires an initial outlay att 0 of $49,000, its expected cash inflows are $14,000

Check My Work (3 remaining) ED eBook Problem Walk-Through Project L requires an initial outlay att 0 of $49,000, its expected cash inflows are $14,000 per year for 8 years, and its WACC is 12%. What is the project's payback? Round your answer to two decimal places. years

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