Question: 5. Problem 11.02 (IRR) eBook Problem Walk-Through Project L requires an initial outlay at t= 0 of $58,520, its expected cash inflows are $10,000 per
5. Problem 11.02 (IRR) eBook Problem Walk-Through Project L requires an initial outlay at t= 0 of $58,520, its expected cash inflows are $10,000 per year for 9 years, and its WACC IS 12%. What is the project's IRR7 Round your answer to two decimal places. %
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