Question: Check My Work (4 remaining) roject L requires an initial outlay at t=0 of $60,975, its expected cash inflows are $12,000 per year for 8

Check My Work (4 remaining) roject L requires an initial outlay

Check My Work (4 remaining) roject L requires an initial outlay at t=0 of $60,975, its expected cash inflows are $12,000 per year for 8 years, and its WACC is 9%. What is the project's IRR? Round your answer to two decimal places

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