eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $47.000, its expected cash inflows are $9,000 per year for 7 years, and its WACC is 13%. What is the project's payback? Round your answer to two decimal places years Project L requires an initial outlay at t= 0 of $35,000, its expected cash inflows are $10,000 per year for 9 years, and its WACC is 9%. What is the project's discounted payback? Do not round intermediate calculations. Round your answer to two decimal places. years