36. Problem 11.01 (NPV) eBook Problem Walk-Through Project L requires an initial outlay at t - 0 of $50,000, its expected cash inflows are $12,000 per year for 9 years, and its WACC is 12%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent. $ eBook Problem Walk-Through Project L requires an initial outlay at t- of $55,000, its expected cash inflows are $8,000 per year for 8 years, and its WACC is 12%. What is the project's payback? Round your answer to two decimal places. years A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 2 3 4 1 Projects -$1,000 $884.35 $250 $5 $15 Project -$1,000 $5 $260 $400 $796.05 The company's WACC is 9.5%. What is the IRR of the better project? (Hint: The better project may or may not be the one with the higher IRR) Round your answer to two decimal places