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12-8: Payback Period Payback period Project K costs $45,000, its expected cash inflows are $9,000 per year for 10 years, and its WACC is 11%.

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12-8: Payback Period Payback period Project K costs $45,000, its expected cash inflows are $9,000 per year for 10 years, and its WACC is 11%. What is the project's payback? Round your answer to two decimal places. years

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