Project L costs $45,000, its expected cash inflows are $11,000 per year for 10 years, and its WACC is 14%. What is the project's payback? Round your answer to two decimal places. years Project L costs $45,000, its expected cash inflows are $11,000 per year for 8 years, and its WACC is 8%. What is the project's discounted payback? Do not round intermediate calculations. Round your answer to two decimal places. years A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 4 Projects -$1,000 $890.52 $240 $15 $15 Project L -$1,000 $10 $250 $420 $752.64 The company's WACC is 9.0%. What is the IRR of the better project? (Hint: The better project may or may not be the one with the higher IRR.) Round your answer to two decimal places. %