Question: unit 7 question 1 Project L requires an initial outlay at t = 0 of $69,849, its expected cash inflows are $14,000 per year for
unit 7 question 1
Project L requires an initial outlay at t = 0 of $69,849, its expected cash inflows are $14,000 per year for 8 years, and its WACC is 12%. What is the project's IRR? Round your answer to two decimal places.
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