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eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $65,000, its expected cash inflows are $10,000 per year for 10

eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $65,000, its expected cash inflows are $10,000 per year for 10 years, and its WACC is 13%. What is the project's payback? Round your answer to two decimal places.

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