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4.  Problem 11.04 (Payback Period) eBook Project L costs $45,000, its expected cash inflows are $9,000 per...

4.  Problem 11.04 (Payback Period)

eBook

Project L costs $45,000, its expected cash inflows are $9,000 per year for 8 years, and its WACC is 14%. What is the project's payback? Round your answer to two decimal places.

  years

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