Question: Please answer risk - adjusted NPV for both projects A and B. Thank you. will give thumbs up (Risk-adjusted NPV) The Hokie Corporation is considering

Please answer risk - adjusted NPV for both projects A and B. Thank you. will give thumbs up
(Risk-adjusted NPV) The Hokie Corporation is considering two mutually exclusive projects. Both require an initial outlay of $11,000 and will operate for 9 years. Project A will produce expected cash flows of $5,000 per year for years 1 through 9, whereas project B will produce expected cash flows of $6,000 per year for years 1 through 9. Because project B is the riskier of the two projects, the management of Hokie Corporation has decided to apply a required rate of return of 17 percent to its evaluation but only a required rate of return 12 percent to project A. Determine each project's risk- adjusted net present value. What is the risk-adjusted NPV of project A? $ (Round to the nearest cent.)
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