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A . Project L requires an initial outlay at t = 0 of $51,078, its expected cash inflows are $9,000 per year for 9 years,

A. Project L requires an initial outlay at t = 0 of $51,078, its expected cash inflows are $9,000 per year for 9 years, and its WACC is 14%. What is the project's IRR? Round your answer to two decimal places.

B. Project L requires an initial outlay at t = 0 of $52,000, 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.

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