7. Problem 11.04 (Payback Period) eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $69,000, its expected cash inflows are $14,000 per year for 9 years, and its WACC is 12%. What is the project's payback? Round your answer to two decimal places. years

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 11EA: How much would you invest today in order to receive $30,000 in each of the following (for further...
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7. Problem 11.04 (Payback Period) eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $69,000, its expected cash
inflows are $14,000 per year for 9 years, and its WACC is 12%. What is the project's payback? Round your answer to two decimal places.
years
Transcribed Image Text:7. Problem 11.04 (Payback Period) eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $69,000, its expected cash inflows are $14,000 per year for 9 years, and its WACC is 12%. What is the project's payback? Round your answer to two decimal places. years
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