A.Project L requires an initial outlay at t = 0 of $40,000, its expected cash inflows are $14,000 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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B.Project L requires an initial outlay at t = 0 of $56,000, its expected cash inflows are $11,000 per year for 10 years, and its WACC is 10%. What is the project's payback? Round your answer to two decimal places.

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