Question: please help? Project L requires an initial outlay at t = 0 of $47.000, its expected cash inflows are $8,000 per year for 12 years,

please help? please help? Project L requires an initial outlay at t = 0

Project L requires an initial outlay at t = 0 of $47.000, its expected cash inflows are $8,000 per year for 12 years, and its WACC IS 11%. What is the project's payback? Round your answer to two decimal places years

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