Project L requires an initial outlay at t = 0 of $54,000, its expected cash inflows are $14,000 per year for 9 years, and its WACC is 9%. What is the project's payback? Round your answer to two decimal places.

Project L requires an initial outlay at t=0 of $54,000, its expected cash inflows are $14,000 per year for 9 years, and its WACC is 9%. What is the project's payback? Round your answer to two decimal places. years