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Problem 11.01 (NPV) Question 11 of 20 Check My Work (3 remaining) eBook Problem Walk-Through Project L requires an initial outlay at t = 0

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Problem 11.01 (NPV) Question 11 of 20 Check My Work (3 remaining) eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $55,000, its expected cash inflows are $11,000 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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