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Project L requires an initial outlay at t = 0 of $56,707, its expected cash inflows are $11,000 per year for 9 years, and its
Project L requires an initial outlay at t = 0 of $56,707, its expected cash inflows are $11,000 per year for 9 years, and its WACC is 14%. What is the project's IRR? Round your answer to two decimal places.
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