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Please show calculations, excel not allowed. Project L requires an initial outlay at t = 0 of $78,556, its expected cash inflows are $14,000 per

Please show calculations, excel not allowed.

Project L requires an initial outlay at t = 0 of $78,556, its expected cash inflows are $14,000 per year for 10 years, and its WACC is 14%. What is the project's IRR? Round your answer to two decimal places.

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