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1. Project L costs $40,000, its expected cash inflows are $12,000 per year for 6 years, and its WACC is 11%. What is the project's payback? Round your answer to two decimal places.

  years

2. Project L costs $70,000, its expected cash inflows are $13,000 per year for 8 years, and its WACC is 10%. What is the project's MIRR? Round your answer to two decimal places. Do not round your intermediate calculations.

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Financial Management, Finance

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