Problem Set 2 X Back to Assignment Attempts Keep the Highest / 1 10. Problem 10-06 (Discounted Payback) eBook Discounted Payback A project has an initial cost of $35,000, expected net cash inflows of $8,000 per year for 7 years, and a cost of capital of 11%. What is the project's discounted payback period? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places. years Grade it Now Save & Continue Continue without saving