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Several companies, including Platinum Water Shipping and Red Royal Banking, are considering project A, which is believed by all to have a level of risk

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Several companies, including Platinum Water Shipping and Red Royal Banking, are considering project A, which is believed by all to have a level of risk that is equal to that of the average-risk project at Platinum Water Shipping Project A is a project that would require an initial investment of 6,067 dollars and then produce an expected cash flow of 13,057 dollars in 8 years. Project A has an internal rate of return of 10.08 percent. The weighted-average cost of capital for Platinum Water Shipping is 9.18 percent and the weighted average cost of capital for Red Royal Banking is 11.02 percent. What is the NPV that Red Royal Banking would compute for project A? Number

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