Submit Assignment for Grading ns Woblem 12-06 (Discounted Payback) Question 6 of 11 Check My Work eBook Discounted Payback A project has an initial cost of $60,000, expected net cash inflows of $14,000 per year for 7 years, and a cost of capital of 13%. What is the project's discounted payback period? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places. years Check My Work ^ m 1 10:40 PM 04/17/20