Question: ABC Corp. has the following mutually exclusive projects that both have a required return of 13.37 %: Year Project A Project B 0 $-14,059 $-9,371

ABC Corp. has the following mutually exclusive projects that both have a required return of 13.37 %:

Year Project A Project B
0 $-14,059 $-9,371
1 9,080 4,904
2 7,147 4,294
3 2,631 6,307

What is the NPV of project B? (Round answer to 2 decimal places, do not round intermediate calculations)

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