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eBook Problem Walk - Through Project L requires an initial outlay at t = 0 of $ 7 0 , 0 0 0 , its

eBook
Problem Walk-Through
Project L requires an initial outlay at t=0 of $70,000, its expected cash inflows are $14,000 per year for 9 years, and its WACC is 10%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.
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