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please explain step-by-step how to solve in excel. thanks! Check My Work Creme Click here to read the book: Payback Period DISCOUNTED PAYBACK Project L

please explain step-by-step how to solve in excel. thanks! image text in transcribed
Check My Work Creme Click here to read the book: Payback Period DISCOUNTED PAYBACK Project L costs $35,000, its expected cash inflows are $10,000 per year for 8 years, and its WACC IS 9%. What is the project's discounted payback? Round your answer to two decimal places years

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