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Questions Problem 11.05 (Discounted Payback) Check My Work 1 2 3 eBook Problem Walk-Through Project L requires an initial outlayatto of $70,000, its expected cash

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Questions Problem 11.05 (Discounted Payback) Check My Work 1 2 3 eBook Problem Walk-Through Project L requires an initial outlayatto of $70,000, its expected cash intows are $16,000 per year for 9 years, and its WACCE 13 What is the project's discounted payback? Do not round intermediate calculations. Round your answer to two decimal places years 5 6 7 10 11 Check Wel 15

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