Project L requires an initial outlay at t = 0 of $66,361, its expected cash inflows are $11,000 per year for 11 years, a

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answerhappygod
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Project L requires an initial outlay at t = 0 of $66,361, its expected cash inflows are $11,000 per year for 11 years, a

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Project L requires an initial outlay at t = 0 of $66,361, itsexpected cash inflows are $11,000 per year for 11 years, and itsWACC is 13%. What is the project's IRR? Round your answer to twodecimal places.
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