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Posted on May 18, 2024

Project L costs $ 6 3 , 9 3 4 . 1 6 , its expected cash inflows are $ 1 4 , 0 0

Project L costs $

63, 934.16,

its expected cash inflows are $

14, 000

per year for

9

years, and its WACC is

11 % .

What is the project's IRR? Round your answer to two decimal places.

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