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unit 7 question 2 Project L requires an initial outlay at t = 0 of $46,000, its expected cash inflows are $11,000 per year for

unit 7 question 2

Project L requires an initial outlay at t = 0 of $46,000, its expected cash inflows are $11,000 per year for 6 years, and its WACC is 13%. What is the project's payback? Round your answer to two decimal places

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