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2- Click here to read the eBook: Internal Rate of Return (IRR) IRR Project L costs $69,995.78, its expected cash inflows are $14,000 per year

2- Click here to read the eBook: Internal Rate of Return (IRR)

IRR

Project L costs $69,995.78, its expected cash inflows are $14,000 per year for 10 years, and its WACC is 12%. What is the project's IRR? Round your answer to two decimal places.

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