Project L has an initial cost of $89,272, and its expected net cash inflows are $23,000 per year for 6 years. The firm has a WACC of 11 percent, and Project Ls risk would be similar to that of the firm's existing assets. Calculate Project Ls internal rate of return (IRR). O a. 11.00% b. 14.07% c. 54.58% d. 18.29% e. 7.53% e