Project L requires an initial outlay at t = 0 of $49,000, its expected cash inflows are $14,000 per year for 6 years, an
Posted: Tue Apr 26, 2022 10:54 am
Project L requires an initial outlay at t = 0 of $49,000, its expected cash inflows are $14,000 per year for 6 years, and its WACC IS 12%. What is the project's payback? Round your answer to two decimal places. years