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Attempts: Keep the Highest: /1 1. Problem 11.01 Click here to read the eBook: Net Present Value (NPV) NPV Project L costs $35,000, its expected cash inflows are $15,000 per year for 10 years, and its WACC is 14%. What is the projects NPV? Round your answer to the nearest cent. Do not round your intermediate calculations. Grade It Now Save & Continue Continue without saving

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Answer #1

NPV = Present value of cash flows - Initial Cost

=[15,000*PVAF@14%,Years10]-35,000

=[15,000*5.216]-35,000

=78242-35,000

=43,242

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