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Posted on Aug 17, 2024

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

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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