Question: a. Project L requires an initial outlay at t = 0 of $65,000, its expected cash inflows are $13,000 per year for 9 years, and
a. Project L requires an initial outlay at t = 0 of $65,000, its expected cash inflows are $13,000 per year for 9 years, and its WACC is 9%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.
$
b. Project L requires an initial outlay at t = 0 of $77,556, its expected cash inflows are $13,000 per year for 11 years, and its WACC is 12%. What is the project's IRR? Round your answer to two decimal places.
%
c. Project L requires an initial outlay at t = 0 of $53,000, its expected cash inflows are $14,000 per year for 11 years, and its WACC is 13%. What is the project's payback? Round your answer to two decimal places.
years
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