Project L requires an initial outlay at t=0 of $70,000, its expected cash inflows are $12,000 per year for 9 years, and its wacc is 9%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent. 5 Project L requires an initial outlay at t=0 of $69,544, its expected cash inflows are $11,000 per year for 10 years, and its wAcc is 14%. What is the project's IRR? Round your answer to two decimal places. %