chapter 11- part A,b please answer both.parts

a

b

Froject L requires an initial betlay at t=0 of $76,931, its expected cash inflows are 513.000 per year foe 11 years, and its wace is 12%. What is the projec's tise Reund your answer to two decimal places. Frogect L requires an inital outlay at t=0 of f48,000, its expected cish infiows are $12,000 per year for 7 years, and its. WACC is 134 , What is the vroject's payback? Round your answer to two decimal flaces. years