Question: 1. Problem 11.01 (NPV) ebook Problem Walk-Through Project L requires an initial outlay at t 0 of $35,000, its expected cash inflows are $8,000 per
1. Problem 11.01 (NPV) ebook Problem Walk-Through Project L requires an initial outlay at t 0 of $35,000, its expected cash inflows are $8,000 per year for 9 years, and its WACC is 12%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent
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