1. A project has annual cash flows of $6,000 for the next 10 years and then $6,000 each year for the following 10 years. The IRR of this 20-year project is 13.28%. If the firm's WACC is 9%, what is the project's NPV? Round your answer to the nearest cent. Do not round your intermediate calculations.
2. Project L costs $53,405.97, its expected cash inflows are $11,000 per year for 11 years, and its WACC is 10%. What is the project's IRR? Round your answer to two decimal places.
3. Project L costs $40,000, its expected cash inflows are $8,000 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.