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roject L requires an initial outlay at t=0 of $56,000, its expected cash inflows are $10,000 per year for 8 years, and its WACC is

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roject L requires an initial outlay at t=0 of $56,000, its expected cash inflows are $10,000 per year for 8 years, and its WACC is 14%. What is the project's payback? cound your answer to two decimal places. years

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