Project L costs $41,093.49, its expected cash inflows are $10,000 per year for 8 years, and its WACC is 12%. What is the project's IRR? Round your answer to two decimal places.

Project L costs $60,000, its expected cash inflows are $10,000 per year for 10 years, and its WACC is 13%. What is the project's payback? Round your answer to two decimal places.

years