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Project L requires an initial outlay at t = 0 of $ 5 8 , 3 5 3 , its expected cash inflows are $

Project L requires an initial outlay at t =0 of $58,353, its expected cash inflows are $10,000 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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