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ebook Problem Walk-Through Project L requires an initial outlay at t- of $55,000, its expected cash inflows are $13,000 per year for 8 years, and

ebook Problem Walk-Through Project L requires an initial outlay at t- of $55,000, its expected cash inflows are $13,000 per year for 8 years, and its WACC is 14%. What is the project's payback? Round your answer to two decimal places years

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