Project K costs $55,000, its expected cash inflows are $12,000 per year for 11 years, and its WACC is 12%. What is the project's payback? Round your answer to two decimal places
Project K costs $55,000, its expected cash inflows are $12,000 per year for 11 years, and its WACC is 12%. What is the project's payback? Round your answer to two decimal places