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4. Problem 11.04 (Payback Period) eBook Project L costs $65,000, its expected cash inflows are $11,000 per year for 9 years, and its WACC is

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4. Problem 11.04 (Payback Period) eBook Project L costs $65,000, its expected cash inflows are $11,000 per year for 9 years, and its WACC is 9%. What is the project's payback? Round your answer to two decimal places. years

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