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Project L costs $ 4 5 , 0 0 0 , its expected cash inflows are $ 9 , 0 0 0 per year for

Project L costs $45,000, its expected cash inflows are $9,000 per year for 8 years, and its WACC is 10%. What is the project's NPV? Round your answer to the nearest cent. Do not round your intermediate calculations.

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