Question: eBook Problem Walk - Through Project L requires an initial outlay at t = 0 of $ 4 0 , 0 0 0 , its

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Problem Walk-Through
Project L requires an initial outlay at t=0 of $40,000, its expected cash inflows are $9,000 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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 eBook Problem Walk-Through Project L requires an initial outlay at t=0

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