Question: Project L requires an initial outlay at t = 0 of $ 7 6 , 8 1 6 , its expected cash inflows are $

Project L requires an initial outlay at t =0 of $76,816, its expected cash inflows are $12,000 per year for 11 years, and its WACC is 13%What is the project's IRR Round your answer to two decimal places .

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