Project L requires an initial outlay at t=0 of $100,000, its expected cash inflows are $15,000 per year for 10 years, and its WACC is 12%. What is the project's IRR? \begin{tabular}{c} \hline 8.14% \\ \hline 8.37% \\ \hline 8.85% \\ \hline 8.62% \\ \hline 9.03% \\ \hline \end{tabular}