Project L requires an initial outlay at t -0 of $70,000, its expected cash intlows are $15,000 per year for 9 years, and
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Project L requires an initial outlay at t -0 of $70,000, its expected cash intlows are $15,000 per year for 9 years, and
Project L requires an initial outlay at t -0 of $70,000, its expected cash intlows are $15,000 per year for 9 years, and its WACC is 11%. What is the project's MIRR? Do not found intermediate calculations. Round your answer to two decimal places. 9
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