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1. Problem 11.03 (MIRR) eBook Problem Walk-Through Project L requires an initial outlay at t 0 of $60,000, its expected cash inflows are $13,000 per

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1. Problem 11.03 (MIRR) eBook Problem Walk-Through Project L requires an initial outlay at t 0 of $60,000, its expected cash inflows are $13,000 per year for 9 years, and its WACC is 14%. What is the project's MIRR? Do not round intermediate calculations, Round your answer to two decimal places

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