The Hokie Corporation is considering two mutually exclusive projects. Both require an initial outlay of $10,000 and will operate for 5 years. Project A will produce expected cash flows of $5,000 per year for years 1 through 5 , whereas project B will produce expected cash flows of $6,000 per year for years 1 through 5

. Because project B is the riskier of the twoprojects, the management of Hokie Corporation has decided to apply a required rate of return of 15 percent to its evaluation but only a required rate of return 12 percent to project A. Determine eachproject's risk-adjusted net present value.