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Project L requires an initial outiay at t=0 of $83,573, its expected cash infiows are $14,000 per year for 11 years, and its WACC is

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Project L requires an initial outiay at t=0 of $83,573, its expected cash infiows are $14,000 per year for 11 years, and its WACC is 12%. What is the project's IRR? Round your answer to two decimal places. 96

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