Question: Problem 11-5 Discounted payback Project L costs $55,000, its expected cash inflows are $13,000 per year for 8 years, and its WACC is 7%. What

Problem 11-5 Discounted payback

Project L costs $55,000, its expected cash inflows are $13,000 per year for 8 years, and its WACC is 7%. What is the project's discounted payback? Round your answer to two decimal places.

years

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