Project l costs 60000 its expected cash inflows are 14000, Finance Basics

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Project l costs 60000 its expected cash inflows are 14000

Question: Project L costs $60,000, its expected cash inflows are $14,000 per year for 11 years, and its WACC is 11%. What is the project's payback? Round your answer to two decimal places. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: Project l costs 60000 its expected cash inflows are 14000

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