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Project L costs $55,000, its expected cash inflows are $15,000 per year for 7 years, and its WACC is 12%. What is the project's NPV?

Project L costs $55,000, its expected cash inflows are $15,000 per year for 7 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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