Ch 11: End-of-Chapter Problems - The Basics of Capital Budgeting Back to Assignment Attempts: Keep the Highest: /1 4. Problem 11.04 Click here to read the eBook: Payback Period PAYBACK PERIOD Project L costs $50,000, its expected cash inflows are $9,000 per year for 7 years, and its WACC is 10%. What is the project's payback? Round your answer to two decimal places, D years