Question: eBook Problem Walk-Through Project L requires an initial outlay at t=0 of $54,558, its expected cash inflows are $10,000 per year for 9 years,

eBook Problem Walk-Through Project L requires an initial outlay at t=0 of

eBook Problem Walk-Through Project L requires an initial outlay at t=0 of $54,558, its expected cash inflows are $10,000 per year for 9 years, and its WACC is 13%. What is the project's IRR? Round your answer to two decimal places. %

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