Project L requires an initial outlay at t = 0 of $70,000, its expected cash inflows are $15,000 per year for 9 years, and its WACC is 10%. What is the project's MIRR? Do not round intermediate calculations. Round your answer to two decimal places. Project L requires an initial outlay at t = 0 of $61,073, its expected cash inflows are $10,000 per year for 11 years, and its WACC is 10%. What is the project's IRR? Round your answer to two decimal places. Project S requires an initial outlay at t = 0 of $10,000, and its expected cash flows would be $4,500 per year for 5 years. Mutually exclusive Project L requires an initial outlay at t = 0 of $27,000, and its expected cash flows would be $11,350 per year for 5 years. If both projects have a WACC of 16%, which project would you recommend? Select the correct answer. O a. Both Projects S and L, because both projects have NPV's > 0. O b. Project L, because the NPVL > NPVS. c. Project S, because the NPVS > NPVL. d. Neither Project S nor L, because each project's NPV < 0. e. Both Projects S and L, because both projects have IRR's > 0. A project has annual cash flows of $8,000 for the next 10 years and then $8,000 each year for the following 10 years. The IRR of this 20-year project is 12.53%. If the firm's WACC is 11%, what is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent. $ Project L requires an initial outlay at t = 0 of $69,000, its expected cash inflows are $10,000 per year for 9 years, and its WACC is 12%. What is the project's payback? Round your answer to two decimal places. years Project L requires an initial outlay at t = 0 of $55,000, its expected cash inflows are $12,000 per year for 9 years, and its WACC is 9%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent. $