(Risk-adiusted NPY) The Hoke Comoration is considering two mutually exdusive projects. Both require an intial outlay of $15,000 and will coecale for 6 years. Project A wit produce expected cash Fows of $7,000 per year for years 1 through 6 , whereas peoject 8 will produce expected cash flows of $8.000 per year for years 1 through 6 . Because project 3 is the risker of the two projects, the management of Hokie Corporabon has decided to apply a required rote of return of 16 percent to its evaluation but only a required rate of retum 8 percent to projoct A. Defermine each project's risk. adjusted net present value. What is the risk-adjusted NPV of project A? (Round to the nearest cent.)