Question: eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $56,000, its expected cash inflows are $9,000 per year for 10
eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $56,000, its expected cash inflows are $9,000 per year for 10 years, and its WACC is 10%. What is the project's payback? Round your answer to two decimal places. years Check My Work (2 remaining) 0 Icon Key
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