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Project L costs $49,599.57, its expected cash inflows are $10,000 per year for 11 years, and its WACC is 11%. What is the project's IRR?

Project L costs $49,599.57, its expected cash inflows are $10,000 per year for 11 years, and its WACC is 11%. What is the project's IRR? Please explain the answer so I can understand it.

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