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project L requires an initial outlay at t = 0 of 6 0 , 0 0 0 , its expected cash inflows are 1 2

project L requires an initial outlay at t=0 of 60,000, its expected cash inflows are 12,000 per year for 9 years, and its WACC is 11%What is the projects NPV? Do not round intermediate calculations. Round your answe to the nearest cent.
$______

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