Project L requires an initial outlay at t = 0 of $74,000, its expected cash inflows are $14,000 per year for 7 years, and its WACC is 9%. What is the project's payback? Round your answer to two decimal places.

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Project L requires an initial outlay at t = 0 of $35,000, its expected cash inflows are $10,000 per year for 9 years, and its WACC is 10%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.

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A company is analyzing two mutually exclusive projects, S and L, with the following cash flows: 0 1 2 3 4 Project S -$1,000 $889.82 $250 $10 $10 Project L -$1,000 $5 $240 $380 $862.49 The company's WACC is 10.5%. What is the IRR of the better project? (Hint: The better project may or may not be the one with the higher IRR.) Round your answer to two decimal places. %