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Project L requires an initial outlay at t - 0 of $50,000, is expected cash innows are $11,000 per year for 9 years, and ts

Project L requires an initial outlay at t - 0 of $50,000, is expected cash innows are $11,000 per year for 9 years, and ts WACC 12. What is the project's NPV? Do not round Intermediate calculations. Round your answer to the nearest cent

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