Project L requires an initial outlay at t = 0 of $55,000, its expected cash inflows are $9,000 per year for 11 years, an
Posted: Fri Jul 01, 2022 7:50 am
Project L requires an initial outlay at t = 0 of $55,000, itsexpected cash inflows are $9,000 per year for 11 years, and itsWACC is 10%. What is the project's payback? Round your answer totwo decimal places.