Project L requires an initial outlay at t = 0 of $59,485, its expected cash inflows are $10,000 per year for 10 years, and its WACC is 10%. What is the project's IRR? Round your answer to two decimal places. 9 Project L requires an initial outlay at t=0 of $45,000, its expected cash inflows are $11,000 per year for 9 years, and its WACC is 12%. What is the project's NPV? Do not round Intermediate calculations. Round your answer to the nearest cent. $ Olsen Outfitters Inc, believes that its optimal capital structure consists of 60% common equity and 40% debt, and its tax rate is 25% Olsen must raise additional capital to fund its upcoming expansion. The firm will have $4 million of retained earnings with a cost of t, - 13%. New common stock in an amount up to $6 million would have a cost of re- 16.0%. Furthermore, Olsen can raise up to $3 million of debt at an interest rate of ro - 3% and an additional $5 million of debt at ro - 13%. The CFO estimates that a proposed expansion would require an investment of $7.2 million. What in the WACC for the last dollar raised to complete the expansion? Round your answer to two decimal places %