Question: 12. Project L requires an initial outlay at t = 0 of $60,147, its expected cash inflows are $11,000 per year for 10 years, and
Project L requires an initial outlay at t=0 of $60,147, its expected cash inflows are $11,000 per year for 10 years, and its wACC is 12%. What is the project's 1RR Round your answer to two decimal places. %
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