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3. Project L costs $40,000, its expected cash inflows are $13,000 per year for 8 years, and its WACC is 14%. What is the project's

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Project L costs $40,000, its expected cash inflows are $13,000 per year for 8 years, and its WACC is 14%. What is the project's MIRR? Round your answer to two decimal places. Do not round your intermediate calculations.

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