Keep the Highest $/1$

$4.$ Problem $11\mathrm{.}02($IRR$)$

Project $L$ requires an initial outlay at $t=0$ of $$57,646,$ its expected cash inflows are $$10,000$ per year for $11$ years, and its WACC is $13\%.$ What is the project's IRR? Round your answer to two decimal places.

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