Project L requires an initial outlay at t = 0 of $55,000, its expected cash inflows are $14,000 per year for 9 years, and its WACC is 12%. What is the project's MIRR? Do not round Intermediate calculations. Round your answer to two decimal places. 96 Project L requires an initial outlay at t = 0 of $48,000, its expected cash inflows are $9,000 per year for 6 years, and its WACC is 10%. What is the project's payback? Round your answer to two decimal places. years A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 0 2 1 3 4 $100 Project x -$1,000 $300 $430 $750 Project Y $1,000 $1,100 $100 $45 $45 The projects are equally risky, and their WACC is 9%. What is the MERR of the project that maximizes shareholder value? Do not round intermediate calculations. Round your answer to two decimal places. % Quantitative Problem: Bellinger Industries is considering two projects for inclusion in its capital budget, and you have been asked to do the analysis. Both projects after-tax cash flows are shown on the time line below. Depreciation, salvage values, net operating working capital requirements, and tax effects are all included in these cash flows. Both projects have 4-year lives, and they have risk characteristics similar to the firm's average project. Bellinger's WACC is 7%. 2 3 4 0 1 330 Project A -1,150 610 375 230 280 Project B -1,150 210 310 730 What is Project A's NPV? Do not round Intermediate calculations. Round your answer to the nearest cent. $ Show All Feedback What is Project B's NPV? Do not round intermediate calculations. Round your answer to the nearest cent