Question: 1. Problem 11.01 Click here to read the eBook: Net Present Value (NPV) NPV Project L costs $70,000, its expected cash inflows are $13,000 per

1. Problem 11.01 Click here to read the eBook: Net Present Value (NPV) NPV Project L costs $70,000, its expected cash inflows are $13,000 per year for 10 years, and its WACC is 9%. What is the project's NPV? Round your answer to the nearest cent. Do not round your intermediate calculations

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