Question: 36. Problem 11.01 (NPV) ebook Problem Walk-Through Project L requires an initial outlay at t = 0 of $50,000, its expected cash inflows are $13,000

 36. Problem 11.01 (NPV) ebook Problem Walk-Through Project L requires an

36. Problem 11.01 (NPV) ebook Problem Walk-Through Project L requires an initial outlay at t = 0 of $50,000, its expected cash inflows are $13,000 per year for 9 years, and its WACC is 11%. What is the project's NPV? Do not round Intermediate calculations. Round your answer to the nearest cent. 5

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