Question: Project L requires an initial outlay at t = 0 of $ 5 9 , 5 0 7 , its expected cash inflows are $

Project L requires an initial outlay at t=0 of $59,507, its expected cash inflows are $10,000 per year for 10 years, and its WACC is 9%. What is the project's
IRR? Round your answer to two decimal places.
%
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 Project L requires an initial outlay at t=0 of $59,507, its

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