A. Project L costs $42,489.73, its expected cash inflows are $9,000 per year for 9 years, and its WACC is 9%. What is the project's IRR? Round your answer to two decimal places.

B.

Project L costs $35,000, its expected cash inflows are $10,000 per year for 9 years, and its WACC is 14%. What is the project's payback? Round your answer to two decimal places.