Part 1:

NPV

Project L costs $50,000, its expected cash inflows are $11,000 per year for 11 years, and its WACC is 14%. What is the project's NPV? Round your answer to the nearest cent. Do not round your intermediate calculations.

Part 2:

IRR

Project L costs $43,743.08, its expected cash inflows are $9,000 per year for 10 years, and its WACC is 12%. What is the project's IRR? Round your answer to two decimal places.