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Froject L requires an initial oitiey at t=0 of $50,000, its expected cash inflows are $12,000 per yeor for 9 years, and its Whoc is

Froject L requires an initial oitiey at t=0 of $50,000, its expected cash inflows are $12,000 per yeor for 9 years, and its Whoc is 9%. What is the project's NPV? Do not round intermedate calculations. Round your answer to the nearest cent

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