Question: Please help me solve the question Attempts Keep the Highest / 1 13. Problem 10-06 (Discounted Payback) eBook Discounted Payback A project has an initial

Please help me solve the question

Attempts Keep the Highest / 1 13. Problem 10-06 (Discounted Payback) eBook Discounted Payback A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 7 years, and a cost of capital of 11%. What is the project's discounted payback period? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places. years

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