In: Finance
a. Project L requires an initial outlay at t = 0 of $64,022, its expected cash inflows are $11,000 per year for 9 years, and its WACC is 9%. What is the project's IRR? Round your answer to two decimal places.
b.Project L requires an initial outlay at t = 0 of $75,000, its expected cash inflows are $11,000 per year for 9 years, and its WACC is 10%. What is the project's MIRR? Do not round intermediate calculations. Round your answer to two decimal places.
c.Project L requires an initial outlay at t = 0 of $75,000, its expected cash inflows are $10,000 per year for 8 years, and its WACC is 14%. What is the project's payback? Round your answer to two decimal places.