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(CHAPTER 9) Calculate the payback time for a $14,000 investment that returns $4.000 every year for 22 years. The rate of return for similar projects

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(CHAPTER 9) Calculate the payback time for a $14,000 investment that returns $4.000 every year for 22 years. The rate of return for similar projects is 7.0% annually. KEEP Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer CALM to TWO decimal places: for example, 10.23 IT'S PAYBACK TIME

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