Question: 2. Project L requires an initial outlay at t = 0 of $63,401, its expected cash inflows are $11,000 per year for 10 years, and
2.
| Project L requires an initial outlay at t = 0 of $63,401, its expected cash inflows are $11,000 per year for 10 years, and its WACC is 14%. What is the project's IRR? Round your answer to two decimal places. |
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