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Project L costs $ 4 5 , 0 0 0 , its expected cash inflows are $ 1 5 , 0 0 0 per year

Project L costs $

45, 000,

its expected cash inflows are $

15, 000

per year for

8

years, and its WACC is

13 % .

What is the project's MIRR? Do not round intermediate calculations. Round your

answer to two decimal places.

%

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