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Posted on Aug 30, 2024

Project L costs $ 7 5 , 0 0 0 , its expected cash inflows are $ 1 3 , 0 0 0 per year

Project L costs $

75, 000,

its expected cash inflows are $

13, 000

per year for

12

years, and its WACC is

12 % .

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

years

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