Question: Save Submit Assignment for Grading Problem 11.04 (Payback Period) Question 14 of 20 Check My Work (3 remaining) eBook Problem Walk-Through Project L requires an

Save Submit Assignment for Grading Problem 11.04 (Payback Period) Question 14 of 20 Check My Work (3 remaining) eBook Problem Walk-Through Project L requires an initial outlay att 0 of $55,000, its expected cash inflows are $12,000 per year for 9 years, and its WACC is 14%. What is the project's payback? Round your answer to two O decimal places. years o o o o

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