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2- Project L costs $51,840.22, its expected cash inflows are $11,000 per year for 9 years, and its WACC is 11%. What is the project's

2- Project L costs $51,840.22, its expected cash inflows are $11,000 per year for 9 years, and its WACC is 11%. What is the project's IRR? Round your answer to two decimal places.

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