(Risk-adjusted NPV) The Hokie Corporation is considering two mutually exclusive projects. Both require an initial outlay of $14,000 and will operate for 7 years. Project A will produce expected cash flows of $8,000 per year for years 1 through 7, whereas project B will produce expected cash flows of $9,000 per year for years 1 through 7. 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 15 percent to its evaluation but only a required rate of return 8 percent to project A. Determine each project's risk-adjusted net present value.

1-What is the risk-adjusted NPV of project A? $ (Round to the nearest cent.)

(Risk-adjusted NPV The Hokio Corporation is considering two mutually exclusive projects. Both require an initial outlay of $14,000 and will operate for 7 yoant. Project A will produco expected cash flows of $8,000 per year for years 1 through 7. Whereas project B will produco expected cash flows of $9,000 per year for years 1 through 7. 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 15 percent to its evaluation but only a required rate of retum 8 percont to project A. Determine each projoct's risk-adjusted nat present value. What is the risk-adjusted NPV of project A? (Round to the nearest cent.)