Overview
I'm working on a mathematics multi-part question and need the explanation and answer to help me learn.
eBook Problem Walk-Through
Project L requires an initial outlay at t = 0 of $35,000, its expected cash inflows are $8,000 per year for 9 years, and its WACC is 11%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent