Project L costs $55,303.46, its expected cash inflows are $13,000 per year for 8 years, and its WACC is 9%. What is the project's IRR? Round your answer to two decimal places.

%

DISCOUNTED PAYBACK

Project L costs $60,000, its expected cash inflows are $14,000 per year for 8 years, and its WACC is 13%. What is the project's discounted payback? Round your answer to two decimal places.

years