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eBook Problem Walk-Through Project L requires an initial outlay at t=0 of $57,580, its expected cash inflows are $10,000 per year for 10 years, and

eBook Problem Walk-Through Project L requires an initial outlay at t=0 of $57,580, its expected cash inflows are $10,000 per year for 10 years, and its WACC is 11%. What is the project's IRR? Round your answer to two decimal places. 9%

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