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Project L requires an initial outlay at t=0 of $63,176, its expected cashi infiows are $11,000 per year for 9 years, and its Wacc is

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Project L requires an initial outlay at t=0 of $63,176, its expected cashi infiows are $11,000 per year for 9 years, and its Wacc is 9%. Whac is the project's tRRT Roond your answer to two decimal places

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