Determine what is the projects irr

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IRR Project K costs $48,089.11, its expected cash inflows are $11,000 per year for 8 years, and its WACC is 12%.

What is the project's IRR? Round your answer to two decimal places.

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131958119

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