The Hokie Corporation is considering two mutually exclusive projects. Both require an initial outlay of $12,000 and will operate for 9 years. Project A will produce expected cash flows of $3,000 per year for years 1 through 9, whereas project B will produce expected cash flows of $4,000 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.