Problem 10-05\ Payback\ A project has an initial cost of

$50,475

, expected net cash inflows of

$10,000

per year for 9 years, and a cost of capital of

13%

. What is the project's payback period? Round your answer to two decimal places.\ years

Payback A project has an initial cost of $50,475, expected net cash inflows of $10,000 per year for 9 years, and a cost of capital of 13%. What is the project's payback period? Round your answer to two decimal places. years