Project L requires an initial outlay at t 0 of $51,143, its expected cash inflows are $9,000 per year for 10 years, and its WACC is 11 %. What is the project's IRR? Round your answer to two decimal places. Project L requires an initial outlay at t 0 of $55,000, its expected cash inflows are $13,000 per year for 9 years, and its WACC is 7 %. What is the project's discounted payback? Do not round intermediate calculations. Round your answer to two decimal places. years