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4. Problem 11.01 (NPV) ebook Problem Walk Through Project L requires on initial outlay at t 0 of $40,000, its expected cash inflows are $9,000

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4. Problem 11.01 (NPV) ebook Problem Walk Through Project L requires on initial outlay at t 0 of $40,000, its expected cash inflows are $9,000 per year for 9 years, and its WACC is 12%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent

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