Question: 2. Problem 11.02 Click here to read the eBook: Internal Rate of Return (IRR) IRR Project L costs $56,408.95, its expected cash inflows are $13,000

2. Problem 11.02 Click here to read the eBook: Internal Rate of Return (IRR) IRR Project L costs $56,408.95, its expected cash inflows are $13,000 per year for 9 years, and its WACC is 14%. What is the project's IRR? Round your answer to two decimal places

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