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A firm is considering two projects, A and B. Each project will last for 4 years. The projects are INDEPENDENT. The projected cash flows for

A firm is considering two projects, A and B. Each project will last for 4 years. The projects are INDEPENDENT. The projected cash flows for each project are shown below:

Year 0 1 2 3 4

Project A -20.00 8.00 8.00 6.00 4.00

Project B -30.00 10.00 10.00 11.00 9.00

The cost of capital for the firm is 10.00%. What is the NPV for project A at the cost of capital?

Answer Format: Currency: Round to: 2 decimal places.

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