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Project L requires an initial outlay at t=0 of $45,000, its expected cash infows are $15,000 per year for 9 yearm, and its wincC is

Project L requires an initial outlay at t=0 of $45,000, its expected cash infows are $15,000 per year for 9 yearm, and its wincC is 10%. What is the project's MirR? Do not round intermediate calculabons. Round your answer to two decimal places

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