work 7 - Chapter 11 Esignment: Homework 7 - Chapter 11 Assignment Score: 0.00% Save Submit Assignment for Grading Questions Problem 11.04 (Payback Period) Question 3 of 6 Check My Work (2 remaining) eBook Problem Walk-Through 4. Project L requires an initial outlay at t 0 of $62,000, its expected cash inflows are $12,000 per year for 10 years, and its WACC is 9 %. What is the O project's payback? Round your answer to two decimal places. 5. 6. years Hide Feedback Incorrect Check My Work (2 remaining) MacBook Air