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project L requires an initial outlay at t=0 of $79,331, its expected cash inflows are 12,000 per year for 11 years, and its WACC is

project L requires an initial outlay at t=0 of $79,331, its expected cash inflows are 12,000 per year for 11 years, and its WACC is 9%. What is the project's IRR? round answer to two decimal places.

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