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Project L requires an initial outlay at t=0 of $40,000, its expected cash infows are $15,000 per year for 9 years, and its Wacc is

Project L requires an initial outlay at t=0 of $40,000, its expected cash infows are $15,000 per year for 9 years, and its Wacc is 13%. What is the project's NFN? Do not round intermediate calcu'stions. Round your answer to the nearest cent. 3

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