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Project L requires an initial outlay at t=0 of $50,000, its expected cash inflows are $13,000 per year for 9 years, and its WACC is

Project L requires an initial outlay at t=0 of $50,000, its expected cash inflows are $13,000 per year for 9 years, and its WACC is 14%. What is the project's MIRR? Do not round intermediate calculations. Round your answer to two decirnal places. 64

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