Project L requires an initial outlay at t $=0$ of $$35,000,$ its expected cash inflows are $$10,000$ per year for $9$ years, and its WACC is $9\%.$ What is the project's discounted payback? Do not round intermediate calculations. Round your answer to two decimal places.

Project L requires an initial outlay at t $=0$ of $$87,970,$ its expected cash inflows are $$14,000$ per year for $11$ years, and its WACC is $14\%.$ What is the project's IRR? Round your answer to two decimal places.