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Project L costs $55,000, its expected cash inflows are $15,000 per year for 8 years, and its WACC is 9%. What is the project's NPV?

Project L costs $55,000, its expected cash inflows are $15,000 per year for 8 years, and its WACC is 9%. What is the project's NPV? Round your answer to the nearest cent. Do not round your intermediate calculations.

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