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Posted on May 18, 2024

Project L costs $ 6 0 , 0 0 0 , its expected cash inflows are $ 1 4 , 0 0 0 per year

Project L costs $

60, 000,

its expected cash inflows are $

14, 000

per year for

8

years, and its WACC is

13 % .

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

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