Question: eBook Problem Walk-Through Project L requires an initial outlay att 0 of $65,000, its expected cash inflows are $13,000 per year for 9 years, and

 eBook Problem Walk-Through Project L requires an initial outlay att 0

eBook Problem Walk-Through Project L requires an initial outlay att 0 of $65,000, its expected cash inflows are $13,000 per year for 9 years, and its WACC is 12%. What is the project's MIRA? Do not round intermediate calculations, Round your answer to two decimal places

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