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Droject L requires an initial outlay at t=0 of $53,471, its expected cash inflows are $11,000 per year for 8 years, and its WACC is

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Droject L requires an initial outlay at t=0 of $53,471, its expected cash inflows are $11,000 per year for 8 years, and its WACC is 1%. What is the project's IRR? Round your answer to two decimal places

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