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Project L requires an initial outlay at t=0 of $70,000, its expected cash inflows are $15,000 per year for 7 years, and its wACC is

Project L requires an initial outlay at t=0 of $70,000, its expected cash inflows are $15,000 per year for 7 years, and its wACC is 9%. What is the project's payback? Round your answer to two decimal places. years

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