Question: Project L requires an initial outlay at t = 0 of $54,010, its expected cash Inflows are $10,000 per year for 3 years, and its

 Project L requires an initial outlay at t = 0 of

Project L requires an initial outlay at t = 0 of $54,010, its expected cash Inflows are $10,000 per year for 3 years, and its WACC IS 12%. What is the project's IRR? Round your answer to two decimal places

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