Question: Project L costs $ 6 0 , 0 0 0 , its expected cash inflows are $ 1 5 , 0 0 0 per year

Project L costs $60,000, its expected cash inflows are $15,000 per year for 8 years, and its WACC is 10%. What is the project's MIRR? Round your answer to two decimal places. Do not round your intermediate calculations.

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