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(Solved): roject \( L \) requires an initial outlay at \( t=0 \) of \( \$ 60,000 \), its expected cash inflow ...




roject \( L \) requires an initial outlay at \( t=0 \) of \( \$ 60,000 \), its expected cash inflows are \( \$ 14,000 \) per
roject \( L \) requires an initial outlay at \( t=0 \) of \( \$ 60,000 \), its expected cash inflows are \( \$ 14,000 \) per year for 9 years, and its WACC is \( 11 \% \). What is he project's MIRR? Do not round intermediate calculations. Round your answer to two decimal places. \( \% \)


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