Project L costs $55,000, its expected cash inflows are $15,000 per year for 8 years, and its WACC is 9%. What is the project's NPV? Round your answer to the nearest cent. Do not round your intermediate calculations. $
Project L costs $50,060.50, its expected cash inflows are $11,000 per year for 9 years, and its WACC is 11%. What is the project's IRR? Round your answer to two decimal places.