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estions Problem 11.05 (Discounted Payback) Question 5 of 15 Check My Work eBook Problem Walk-Through...

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estions Problem 11.05 (Discounted Payback) Question 5 of 15 Check My Work eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $65,000, its expected cash inflows are $15,000 per year for 9 years, and its WACC is 10%. What is the project's discounted payback? Do not round intermediate calculations. Round your answer to two decimal places. 1 years

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