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Keep the Highest / 1 4 . Problem 1 1 . 0 2 ( IRR ) Project L requires an initial outlay at t =

Keep the Highest $/ 1$

$4 .$ Problem $11.02 ($ 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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Keep the Highest / 1 4 . Problem 1 1 . 0 2 ( IRR ) Project L requires an initial outlay at t =

Keep the Highest /1 4. Problem 11.02(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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Risk Management And Financial Institutions

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Keep the Highest $/ 1$

$4 .$ Problem $11.02 ($ 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.

$%$