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MIRR: Modified Internal Rate of Return Project L costs $50,000, its expected cash inflows are $10,000 per year for 8 years, and its WACC is

MIRR: Modified Internal Rate of Return

Project L costs $50,000, its expected cash inflows are $10,000 per year for 8 years, and its WACC is 9%. What is the project's MIRR? Round your answer to two decimal places. Do not round your intermediate calculations.

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