A project has annual cash flows of $7,000 for the next 10 years and then $8,500 each year for the following 10 years. The IRR of this 20-year project is 12.18%. If the firm's WACC is 11%, what is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent. $ Project L requires an initial outiay at t=0 of $56,000, its expected cash inflows are $15,000 per year for 9 years, and its WACC is 10%. What is the project's payback? Round your answer to two decimal places. years