1. Project L costs $45,000, its expected cash inflows are $15,000 per year for 12 years, and its WACC is 11%. What is the project's NPV? Round your answer to the nearest cent. Do not round your intermediate calculations.
2. Project L costs $50,168.53, its expected cash inflows are $12,000 per year for 8 years, and its WACC is 14%. What is the project's IRR? Round your answer to two decimal places.
3. Project L costs $65,000, its expected cash inflows are $9,000 per year for 8 years, and its WACC is 13%. What is the project's payback? Round your answer to two decimal places.