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Project L requires an initial outlay att 0 of $35,000, its expected cash inflows are $10,000 per year for 9 years, and its WACC is

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Project L requires an initial outlay att 0 of $35,000, its expected cash inflows are $10,000 per year for 9 years, and its WACC is 9%. What is the project's discounted payback? Do not round intermediate calculations. Round your answer to two decimal places. 5.64 Years

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