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9. Problem 11.02 (IRR) eBook Project L costs $62,632.13, its expected cash inflows are $13,000 per year for 11 years, and its WACC is 10%.

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9. Problem 11.02 (IRR) eBook Project L costs $62,632.13, its expected cash inflows are $13,000 per year for 11 years, and its WACC is 10%. What is the project's IRR? Round your answer to two decimal places. %

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