Question: Please answer the question correctly! Thank you! :) Project L requires an initial outlay at t = O of $70,000, its expected cash inflows are
Project L requires an initial outlay at t = O of $70,000, its expected cash inflows are $15,000 per year for 9 years, and its WACC is 10%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.
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