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Project L requires an initial outlay at t = 0 of $66,543, its expected cash inflows...

Project L requires an initial outlay at t = 0 of $66,543, its expected cash inflows are $13,000 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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Answer #1

А В 1 Year Cash Flow 0 ($66,543.00) $13,000 $13,000 $13,000 $13,000 $13,000 $13,000 $13,000 2 1 4 2 5 3 6 7 5 6 9 7 $13,000 1A В 1 Year 2 0 3 1 Cash Flow -66543 13000 4 2 13000 5 3 13000 6 4 13000 7 5 8 6 9 7 10 8 13000 13000 13000 13000 11 12 IRR =I

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