Question: Save Submit Assignment for Grading Questions Problem 11.04 (Payback Period) Question 1 of 11 Check My Work (2 remaining) eBook 1 Problem Walk-Through Project L

 Save Submit Assignment for Grading Questions Problem 11.04 (Payback Period) Question

Save Submit Assignment for Grading Questions Problem 11.04 (Payback Period) Question 1 of 11 Check My Work (2 remaining) eBook 1 Problem Walk-Through Project L requires an initial outlay at t = 0 of $52,000, its expected cash inflows are $15,000 per year for 6 years, and its WACC is 11%. What is the project's payback? Round your answer to two decimal places. S. years A-Z 9 10. 11. O

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