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1. Problem 11.01 (NPV) eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $50,000, its expected cash inflows are $10,000

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1. Problem 11.01 (NPV) eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $50,000, its expected cash inflows are $10,000 per year for 9 years, and its WACC is 9%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent. $

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