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eBook Project L costs $40,000, its expected cash inflows are $13,000 per year for 7 years, and its WACC is 13%. What is the project's

eBook Project L costs $40,000, its expected cash inflows are $13,000 per year for 7 years, and its WACC is 13%. What is the project's payback? Round your answer to two decimal places. years

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