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11.20. A project has annual cash flows of $6,000 for the next 10 years and then $5,500 each year for the following 10 years. The

11.20. A project has annual cash flows of $6,000 for the next 10 years and then $5,500 each year for the following 10 years. The IRR of this 20-year project is 9.65%. If the firm's WACC is 9%, what is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.

$_________

11.21. Project A requires an initial outlay at t = 0 of $4,000, and its cash flows are the same in Years 1 through 10. Its IRR is 13%, and its WACC is 9%. What is the project's MIRR? Do not round intermediate calculations. Round your answer to two decimal places.

________%

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