Question: Project L requires an initial outlay at t = 0 of $35,000, its expected cash inflows are $8,000 per year for 9 years, and its

Project L requires an initial outlay at t = 0 of $35,000, its expected cash inflows are $8,000 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.

Project L requires an initial outlay at t = 0 of $57,569, its expected cash inflows are $11,000 per year for 8 years, and its WACC is 10%. What is the project's IRR? Round your answer to two decimal places.

Project L requires an initial outlay at t = 0 of $54,000, its expected cash inflows are $9,000 per year for 10 years, and its WACC is 14%. What is the project's payback? Round your answer to two decimal places.

Travis Industries plans to issue perpetual preferred stock with an $11.00 dividend. The stock is currently selling for $90.50, but flotation costs will be 10% of the market price, so the net price will be $81.45 per share. What is the cost of the preferred stock, including flotation? Round your answer to two decimal places.

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