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Project L requires an initial outlay at t = 0 of $ 6 4 , 0 2 7 , its expected cash inflows are $

Project L requires an initial outlay at t=0 of $64,027, its expected cash inflows are $10,000 per year for 10 years, and its WACC is 12%. What is the project's IRR? Round your answer
to two decimal places.
%
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