A project has an initial cost of $60,000, expected net cash inflows of $13,000 per year for 8 years, and a cost of capital of 11%. What is the project's IRR? Round your answer to two decimal places.

12.84%

14.15

8

11

A project has an initial cost of $62,650, expected net cash inflows of $8,000 per year for 8 years, and a cost of capital of 12%. What is the project's MIRR? Round your answer to two decimal places.

14.15

5.81

8

12