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Project L requires an initial outlay at t=0 of $70,123, its expected cash inflows are $13,000 per year for 8 years, and its wACC is

Project L requires an initial outlay at t=0 of $70,123, its expected cash inflows are $13,000 per year for 8 years, and its wACC is 11%. What is the project's IRR? Round your answer to two decimal places

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