A project has an initial cost of $56,125, expected net cash inflows of $11,000 per year for 7 years, and...
A project has an initial cost of $56,125, expected net cash inflows of $11,000 per year for 7 years, and a cost of capital of 11%. What is the project's payback period? Round your answer to two decimal places.
10 years ago 999999.99
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