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Project L requires an initial outlay at t=0 of $67,227, its expected cash inflows are $12,000 per year for 9 years, and its WACC is

Project L requires an initial outlay at t=0 of $67,227, its expected cash inflows are $12,000 per year for 9 years, and its WACC is 10%. What is the project's IRR? Rounc your answer to two decimal places

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