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Check My Work (5 remaining) Click here to read the eBook: Payback Period PAYBACK PERIOD Project L costs $75,000, its expected cash inflows are $14,000

image text in transcribed Check My Work (5 remaining) Click here to read the eBook: Payback Period PAYBACK PERIOD Project L costs $75,000, its expected cash inflows are $14,000 per year for 10 years, and its wACC is 13%. What is the project's payback? Round your answer to two decimal places. years

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