Question: Project L requires an initial outlay at t = 0 of $72,000, its expected cash inflows are $14,000 per year for 10 years, and its

Project L requires an initial outlay at t = 0 of $72,000, its expected cash inflows are $14,000 per year for 10 years, and its WACC is 13%. What is the project's payback? Round your answer to two decimal places.( someone else solved this and said the answer was 6 years. This is not true. It is not 6 years. please help meeeee)

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