Question: unment: Chapter 12 Assignment Score: 36.36% Save Submit Assignment for Grading tions Problem 12-05 (Payback) Question 5 of 11 Check My Work eBook Payback A

unment: Chapter 12 Assignment Score: 36.36% Save Submit Assignment for Grading

unment: Chapter 12 Assignment Score: 36.36% Save Submit Assignment for Grading tions Problem 12-05 (Payback) Question 5 of 11 Check My Work eBook Payback A project has an initial cost of $65,800, expected net cash inflows of $14,000 per year for 7 years, and a cost of capital of 11%. What is the project's payback period? Round your answer to two decimal places. years Hide Fechback Incorrect Check My Work 11:08 PM 04/17/20

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