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Project L requires an initial outay at t=00of$47,000, its expected cash inflows are $9,000 per year for 6 years, and its WACC is 14%. What

Project L requires an initial outay at t=00of$47,000, its expected cash inflows are $9,000 per year for 6 years, and its WACC is 14%. What is the project's payback? Round your answer to two decimal places. Years

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