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2.Project L requires an initial outlay at t = 0 of $51,901, its expected cash inflows are $10,000 per year for 8 years, and its

2.Project L requires an initial outlay at t = 0 of $51,901, its expected cash inflows are $10,000 per year for 8 years, and its WACC is 13%. What is the project's IRR? Round your answer to two decimal places.

2.b.

Project L requires an initial outlay at t = 0 of $49,000, its expected cash inflows are $10,000 per year for 11 years, and its WACC is 12%. What is the project's payback? Round your answer to two decimal places.

= years

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