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PLEASE ANSWER AS FAST AS POSSIBLE! MUST ROUND YOUR ANSWER TO TWO DECIMAL PLACES! THANK YOU! PAYBACK PERIOD Project L costs $50,000, its expected cash

PLEASE ANSWER AS FAST AS POSSIBLE! MUST ROUND YOUR ANSWER TO TWO DECIMAL PLACES! THANK YOU! image text in transcribed

PAYBACK PERIOD Project L costs $50,000, its expected cash inflows are $15,000 per year for 11 years, and its WACC is 11%. What is the project's payback? Round your answer to two decimal places years

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