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Project L costs $65,000, its expected cash inflows are $12,000 per year for 9 years, and its WACC is 11%. What is the project's NPV?

Project L costs $65,000, its expected cash inflows are $12,000 per year for 9 years, and its WACC is 11%. What is the project's NPV? Round your answer to the nearest cent. Do not round your intermediate calculations

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