Project L requires an initial outlay at t = 0 of $71,857, its expected cash inflows are $13,000 per year for 10 years, and its WACC is 13%. What is the project's IRR? Round your answer to two decimal places.

eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $71,857, its expected cash inflows are $13,000 per year for 10 years, and its WACC is 13%. What is the project's IRR? Round your answer to two decimal places. %