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eBook Problem Walk-Through Project requires an initial outlay at 0 of $55,000, its expected cash inflows are $20,000 per year for 11 years, and its

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eBook Problem Walk-Through Project requires an initial outlay at 0 of $55,000, its expected cash inflows are $20,000 per year for 11 years, and its WACC is 10%. What is the project's payback? Round your answer to two decimal places

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