Question: Problem 11-5 Discounted payback Project K costs $35,000, its expected cash inflows are $10,000 per year for 8 years, and its WACC is 9%. What
Problem 11-5 Discounted payback
Project K costs $35,000, its expected cash inflows are $10,000 per year for 8 years, and its WACC is 9%. What is the project's discounted payback? Round your answer to two decimal places.
years
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