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1.Project L costs $40'000, its expected cash inflows are 8,000 per year for 8 years and its WACC is 10%. What is the project's payback?

1.Project L costs $40'000, its expected cash inflows are 8,000 per year for 8 years and its WACC is 10%. What is the project's payback? Round your answer to two decimal places.
2.Project L cost $65,000 its expected cash flows are 8,000 per year for 8 years and its WACC is 12%. What is the project's MIRR? Do not round intermediate calculations. Round your answer to two decimal places.

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