Question: estions Problem 11.02 CIRR) eBook Problem Walk-Through Project L requires an initial outlay at t- of $52,925, its expected cash inflows are $10,000 per year

 estions Problem 11.02 CIRR) eBook Problem Walk-Through Project L requires an

estions Problem 11.02 CIRR) eBook Problem Walk-Through Project L requires an initial outlay at t- of $52,925, its expected cash inflows are $10,000 per year for 8 years, and its WACC IS 9%. What is the project's TRA? Round your answer to two decimal places

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