Question: Show m e the steps t o solve Project L requires a n initial outlay a t t = 0 o f $ 8 0

Show me the steps to solve Project L requires an initial outlay att=0of $80,409, its expected cash inflows are $14,000 per year for 9 years, and its WACC is9%. What is the project's IRR? Round your answer to two decimal places

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