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roject L requires an initial outlay at t=0 of $45,000, its expected cash inflows are $11,000 per year for 9 years, and its wacC is

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roject L requires an initial outlay at t=0 of $45,000, its expected cash inflows are $11,000 per year for 9 years, and its wacC is 13%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent

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