Question: eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $50,000, its expected cash inflows are $11,000 per year for 9

 eBook Problem Walk-Through Project L requires an initial outlay at t

eBook Problem Walk-Through Project L requires an initial outlay at t = 0 of $50,000, its expected cash inflows are $11,000 per year for 9 years, and its WACC is 14%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent. O $

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