1. Project L costs $53,612.71, its expected cash inflows are $11,000 per year for 11 years, and its WACC is 12%. What is the project's IRR? Round your answer to two decimal places.
2. Project L costs $70,000, its expected cash inflows are $8,000 per year for 8 years, and its WACC is 12%. What is the project's MIRR? Round your answer to two decimal places. Do not round your intermediate calculations.
3. Project L costs $45,000, its expected cash inflows are $10,000 per year for 9 years, and its WACC is 9%. What is the project's payback? Round your answer to two decimal places.