1.Project L requires an initial outlay at t = 0 of $69,375, its expected cash inflows are $13,000 per year for 9 years, and its WACC is 9%. What is the project's IRR? Round your answer to two decimal places.

2.

eBook Problem Walk-Through

Project L requires an initial outlay at t = 0 of $62,000, its expected cash inflows are $15,000 per year for 12 years, and its WACC is 9%. What is the project's payback? Round your answer to two decimal places.

years