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Posted on May 18, 2024

Project L costs $ 6 6 , 5 6 5 . 1 4 , its expected cash inflows are $ 1 4 , 0 0

Project L costs $

66, 565.14,

its expected cash inflows are $

14, 000

per year for

9

years, and its WACC is

9 % .

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

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