Project L requires an initial outlay at t - 0 of $55,000, its expected cash inflows are $10,000 per year for 9 years, and its WACC is 12%. What is the project's MIRR? Do not round intermediate calculations. Round your answer to two decimal places. Project L requires an initial outlay at t - 0 of $53,000, its expected cash inflows are $8,000 per year for 9 years, and its WACC is 10%. What is the project's payback? Round your answer to two decimal places. years