Question: Project L costs $ 4 0 , 0 0 0 , its expected cash inflows are $ 1 4 , 0 0 0 per year

Project L costs $40,000, its expected cash inflows are $14,000 per year for 8 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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