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Project L costs $ 3 5 , 0 0 0 , its expected cash inflows are $ 9 , 0 0 0 per year for

Project L costs $

35, 000,

its expected cash inflows are $

9, 000

per year for

8

years, and its WACC is

9 % .

What is the project's MIRR? Do not round intermediate calculations. Round your answer to two decimal places.

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