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Project L requires an initial outlay at t = 0 of $ 7 5 , 1 2 9 , its expected cash inflows are $

Project L requires an initial outlay at t =0 of $75,129, its expected cash inflows are $14,000 per year for 9 years, and its WACC is 12%. What is the project's IRR? Round your answer to two decimal places

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