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Problem 11-4 Payback period Project L costs $65,000, its expected cash inflows are $13,000 per year for 6 years, and its WACC is 10%. What

Problem 11-4 Payback period

Project L costs $65,000, its expected cash inflows are $13,000 per year for 6 years, and its WACC is 10%. What is the project's payback? Round your answer to two decimal places.

years

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