1 a. Project L costs $50,000, its expected cash inflows are $9,000 per year for 8 years, and its WACC is 11%. What is the project's MIRR? Round your answer to two decimal places. Do not round your intermediate calculations.
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b. Project L costs $40,000, its expected cash inflows are $11,000 per year for 10 years, and its WACC is 14%. What is the project's payback? Round your answer to two decimal places.
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