Question: Attempts Do No Harm / 1 1. Problem 11.01 (NPV) Project L requires an initial outlay at t=0 of $40,000, its expected cash inflows are

Attempts Do No Harm / 1 1. Problem 11.01 (NPV) Project L requires an initial outlay at t=0 of $40,000, its expected cash inflows are $15,000 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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