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(Solved): Project \( L \) requires an initial outlay at \( t=0 \) of \( \$ 50,000 \), its expected cash inflo ...




Project \( L \) requires an initial outlay at \( t=0 \) of \( \$ 50,000 \), its expected cash inflows are \( \$ 13,000 \) per
Project \( L \) requires an initial outlay at \( t=0 \) of \( \$ 50,000 \), its expected cash inflows are \( \$ 13,000 \) 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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Statement showing NPV Year Cash flow PVIF @ 13% PV A B A x B 1 13000 0.88
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