Question: ABC Corp. has the following mutually exclusive projects that both have a required return of 13.4 %: Year Project A Project B 0 $-14,578 $-9,632
ABC Corp. has the following mutually exclusive projects that both have a required return of 13.4 %:
| Year | Project A | Project B |
|---|---|---|
| 0 | $-14,578 | $-9,632 |
| 1 | 9,690 | 4,264 |
| 2 | 7,061 | 4,823 |
| 3 | 2,029 | 6,497 |
What is the NPV of project A? (Round answer to 2 decimal places, do not round intermediate calculations)
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