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In: Finance

Project L costs $52,116.01, its expected cash inflows are $11,000 per year for 9 years, and...

Project L costs $52,116.01, its expected cash inflows are $11,000 per year for 9 years, and its WACC is 12%. What is the project's IRR? Round your answer to two decimal places.

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Expert Solution

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As nothing was mentioned excel is used. WACC is not required to calculate IRR


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