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Project L costs $40,000, its expected cash inflows are $8,000 per year for 9 years, and its WACC is 13%. What is the project's NPV?

Project L costs $40,000, its expected cash inflows are $8,000 per year for 9 years, and its WACC is 13%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.

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