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o eBook 11 Problem Walk-Through Project L requires an initial outlay at t - 0 of $61,000, its expected cash inflows are $9,000 per year

o eBook 11 Problem Walk-Through Project L requires an initial outlay at t - 0 of $61,000, its expected cash inflows are $9,000 per year for 9 years, and its WACC is 9%. What is the project's payback? Round your answer to two decimal places. years o

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