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5. Problem 11.05 Click here to read the eBook: Payback Period DISCOUNTED PAYBACK Project L costs $35,000, its expected cash inflows are $10,000 per year

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5. Problem 11.05 Click here to read the eBook: Payback Period DISCOUNTED PAYBACK Project L costs $35,000, its expected cash inflows are $10,000 per year for 8 years, and its WACC is 9%. What is the project's discounted payback? Round your answer to two decimal places. years Grade it Now Save & Continue Continue without saving

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