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% Project L requires an initial outlay at t = 0 of $49,617, its expected cash inflows are $9,000 per year for 10 years, and
Project L requires an initial outlay at t = 0 of $49,617, its expected cash inflows are $9,000 per year for 10 years, and its WACC is 13%. What is the project's IRR? Round your answer to two decimal places. %
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