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roject L requires an initial outlay at t = 0 of $ 6 5 , 2 8 7 , its expected cash inflows are $

roject

L

requires an initial outlay at

t = 0

of $

65, 287,

its expected cash inflows are $

10, 000

per year for

11

years, and its WACC is

13 % .

What is the project's IRR? Round your answer to two decimal

slaces.

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