Project K costs $65,000, its expected cash inflows are $14,000 per year for 7 years, and its WACC is 14%. What is the project's payback? Round your answer to two decimal places.
Ans 4.64 years
project's payback = Project Outflow / Project inflows
= 65000 / 14000
= 4.64 years
Discounting rate is irrelevant in Project's Payback.
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