Question: Problem 11.04 (Payback Period) Problem Walk-Through Check My Work (3 remaining) Project L requires an initial outlay at t = 0 of $66,000, its

Problem 11.04 (Payback Period) Problem Walk-Through Check My Work (3 remaining) Project L requires an initial outlay at t = 0 of $66,000, its expected cash inflows are $10,000 per year for 10 years, and its WACC is 10%. What is the project's payback? Round your answer to two decimal places. years eBook 1

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