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Project L costs $50,000, its expected cash inflows are $9,000 per year for 12 years, and its WACC is 14%. What is the project's NPV?

Project L costs $50,000, its expected cash inflows are $9,000 per year for 12 years, and its WACC is 14%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent

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