Question: Please show all steps (excel formulas used or calculation steps) Project L costs $57,045.88, its expected cash inflows are $12,000 per year for 11 years,

 Please show all steps (excel formulas used or calculation steps) Project

Please show all steps (excel formulas used or calculation steps)

Project L costs $57,045.88, its expected cash inflows are $12,000 per year for 11 years, and its WACC is 9%. What is the project's IRR? Round your answer to two decimal places. %

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