NPV Project L costs 60000 its expected cash inflows are 1300

NPV Project L costs $60,000, its expected cash inflows are $13,000 per year for 11 years, and its WACC is 14%. What is the project\'s NPV? Round your answer to the nearest cent. Do not round your intermediate calculations. $10855.53 Hide Feedback Incorrect Check My Work (2 remaining)

Present value of annuity=Annuity[1-(1+interest rate)^-time period]/rate

=$13000[1-(1.14)^-11]/0.14

=$13000*5.452733023

=$70885.53

NPV=Present value of inflows-Present value of outflows

=$70885.53-$60000

=$10885.53(Approx).

$NPV Project L costs $60,000, its expected cash inflows are $13,000 per year for 11 years, and its WACC is 14%. What is the project\'s NPV? Round your answer to$

NPV Project L costs 60000 its expected cash inflows are 1300

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