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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 $14,000 per year for 11

eBook Problem Walk-Through Project L requires an initial outlay at t - 0 of $65,000, its expected cash inflows are $14,000 per year for 11 years, and its WACC is 12%. What is the project's payback? Round your answer to two decimal places years

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