Question: years eBook Project L requires an initial outlay at t = years a Problem Walk-Through 0 of $73,000, its expected cash inflows are $11,000 per

eBook Project L requires an initial outlay at t = years a

years

eBook Project L requires an initial outlay at t = years a Problem Walk-Through 0 of $73,000, its expected cash inflows are $11,000 per year for 12 years, and its WACC is 13%. What is the project's payback? Round your answer to two decimal places.

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