Question: A project has an initial cost of $66,775, expected net cash inflows of $14,000 per year for 12 years, and a cost of capital of

A project has an initial cost of $66,775, expected net cash inflows of $14,000 per year for 12 years, and a cost of capital of 8%. What is the project's NPV?(Hint: Begin by constructing a time line.) Do not round your intermediate calculations. Round your answer to the nearest cent.

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