Project L requires an initial outlay at t = 0 of $48,000, its expected cash inflows are $11,000 per year for 7 years, and its WACC Is 10%. What is the project's payback? Round your answer to two decimal places. years Project L requires an initial outlay at t = of 555,120, its expected cash inflows are $9,000 per year for 11 years, and its WACC is 10%. What is the project's IRR? Round your answer to two decimal places. 96