Question: Project L requires an initial outlay at t = 0 of $25,000, its expected cash inflows are $5,000 per year for 9 years, and its
Project L requires an initial outlay at t = 0 of $25,000, its expected cash inflows are $5,000 per year for 9 years, and its WACC IS 11%. What is the project's discounted payback? Do not round Intermediate calculations, Round your answer to two decimal places years
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