Question: Project L requires an initial outlay at t - 0 of $62,000, its expected cash inflows are $13,000 per year for 6 years, and its
Project L requires an initial outlay at t - 0 of $62,000, its expected cash inflows are $13,000 per year for 6 years, and its WACC is 13%. What is the project's payback? Round your answer to two decimal places. years
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