Project L requires an initial outlay at t $=0$ of $$59,230,$ its expected cash inflows are $$9,000$ per year for $11$ years, and its WACC is $9\%.$ What is the project's IRR? Round your answer to two decimal places.

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Project L requires an initial outlay at t $=0$ of $$59,230,$ its expected cash inflows are $$9,000$ per year for $11$ years, and its WACC is $9\%.$ What is the project's IRR? Round your answer to two decimal places.