Question: Project L costs $ 6 3 , 9 3 4 . 1 6 , its expected cash inflows are $ 1 4 , 0 0

Project L costs $63,934.16, its expected cash inflows are $14,000 per year for 9 years, and its WACC is 11%. What is the project's IRR? Round your answer to two decimal places.

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