Question: 2. Problem 11.02 (IRR) eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $66,641, its expected cash inflows are $12,000

2. Problem 11.02 (IRR) eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $66,641, its expected cash inflows are $12,000 per year for 9 years, and its WACC is 9%. What is the project's IRR? Round your answer to two decimal places. %
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