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Ch 11 Problem 1 Projecf L requires an initial outlay at T = 0 of $50,000, it's expected cash inflows are $15,000 per year for
Ch 11 Problem 1
Projecf L requires an initial outlay at T = 0 of $50,000, it's expected cash inflows are $15,000 per year for nine years, and it's WACC is 10%. What is the projects NPV? Do not round, intermediate calculations. Round your answer to the nearest cent.
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