Project L requires an initial outlay at t = 0 of $45,000, its expected cash inflows are $14,000 per year for 9 years, and its WACC is 9%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.

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Attempts: Keep the Highest: /1 11. Problem 11.01 (NPV) eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $45,000, its expected cash inflows are $14,000 per year for 9 years, and its WACC is 9%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent