Question: Payback A project has an initial cost of $ 4 0 , 0 0 0 , expected net cash inflows of $ 1 0 ,

Payback
A project has an initial cost of $40,000, expected net cash inflows of $10,000 per year for 8 years, and a cost of capital of 13%. What is the project's payback period? Round your answer to two decimal places.
years
Payback A project has an initial cost of $40,000, expected net

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