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Project L requires an initial outlay at t = 0 of $77,748, itsexpected cash inflows are $13,000 per year for 9 years, and itsWACC is

Project L requires an initial outlay at t = 0 of $77,748, itsexpected cash inflows are $13,000 per year for 9 years, and itsWACC is 12%. What is the project's IRR? Round your answer to twodecimal p 2 answers

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