Question: Correctly eBook Problem Walk-Through Project requires an initial outlay at t 0 of $60,000, its expected cash inflows are $11,000 per year for 12 years,

 Correctly eBook Problem Walk-Through Project requires an initial outlay at t

Correctly eBook Problem Walk-Through Project requires an initial outlay at t 0 of $60,000, its expected cash inflows are $11,000 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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