Project L requires an initial outlay at t = 0 of $40,000, its expected cash inflows are $12,000 per year for 9 years, and its WACC is 13%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent. $ Project L requires an initial outlay at t = 0 of $65,519, its expected cash inflows are $11,000 per year for 10 years, and its WACC is 10%. What is the project's IRR? Round your answer to two decimal places. % Project L requires an initial outlay at t = 0 of $50,000, its expected cash inflows are $10,000 per year for 11 years, and its WACC is 11%. What is the project's payback? Round your answer to two decimal places. years A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 4 Projects -$1,000 $882.93 $250 $10 $5 Project L -$1,000 $5 $250 $420 $800.16 The company's WACC is 8.0%. What is the IRR of the better project? (Hint: The better project may or may not be the one with the higher IRR.) Round your answer to two decimal places. %