Project K costs $70,000, its expected cash inflows are $13,0

Project K costs $70,000, its expected cash inflows are $13,000 per year for 9 years, and its WACC is… Show more Project K costs $70,000, its expected cash inflows are $13,000 per year for 9 years, and its WACC is 10%. What is the project’s payback? Round your answer to two decimal places. • Show less