1. DISCOUNTED PAYBACK
Project L costs $65,000, its expected cash inflows are $15,000 per year for 8 years, and its WACC is 10%. What is the project's discounted payback? Round your answer to two decimal places.
years
2. PAYBACK PERIOD
Project L costs $70,000, its expected cash inflows are $11,000 per year for 11 years, and its WACC is 9%. What is the project's payback? Round your answer to two decimal places.
years
3.