(Risk-adjusted NPV) The Hokie Corporation is considering two mutually exclusive projects. Both require an initial outlay of $12,000 and will operate for 6 years. Project A will produce expected cash flows of $3,000 per year for years 1 through 6, whereas project B will produce expected cash flows of $4,000 per year for years 1 through 6 . 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 8 percent to project A. Determine each project's riskadjusted net present value. What is the risk-adjusted NPV of project A ? (Round to the nearest cent.)