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Project L costs $52,093.65, its expected cash inflows are $11,000 per year for 11 years, and...

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Finance

Project L costs $52,093.65, its expected cash inflows are$11,000 per year for 11 years, and its WACC is 9%. What is theproject's IRR? Round your answer to two decimal places.

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Transcribed Image Text

Project L costs $52,093.65, its expected cash inflows are$11,000 per year for 11 years, and its WACC is 9%. What is theproject's IRR? Round your answer to two decimal places.

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