$11-1$ NPV Project L costs $$65,000,$ its expected cash inflows are $$12,000$ per year for $9$ years, and its WACC is $9\%.$ What is the project's NPV$?$

$11-2$ IRR Refer to problem $11-1.$ What is the project's IRR?

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Answe

IRR $=11\mathrm{.}57\%$