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eBook Project L costs $ 6 2 , 1 7 4 . 1 9 , its expected cash inflows are $ 1 2 , 0

eBook

Project L costs $

62, 174.19,

its expected cash inflows are $

12, 000

per year for

11

years, and its WACC is

11 % .

What is the project's IRR? Round

your answer to two decimal places.

%

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