Project L requires an initial outlay at t=0 of $48,000, its expected cash inflows are $9,000 per year for 12 years, and its wacc is 14 Wh. What is the project's payback? Round your answer to two decimal places. years 2. Problem 11.05 (Discounted Payback) Project L requires an initial outiay 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 dscounted payback? Do not round intermediate calculations. Round your answer to two decimal places. years Project L requires an initial outlay at t=0 of $57,670, its expected cash inflows are $10,000 per year for 11 years, and its WAcC is 12%. What is the project's IRR? Round your answer to two decimal pisces. %