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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