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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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