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eBook Problem Walk - Through Project L requires an initial outlay at t = 0 of $ 5 7 , 7 0 8 , its

eBook Problem Walk

-

Through

Project L requires an initial outlay at t

= 0

of $

57, 708,

its expected cash inflows are $

11, 000

per year for

8

years, and its WACC is

12 % .

What is the project's IRR? Round your answer to two decimal places.

%

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