Warm-Up 11-5 (similar to) Question Help Like most firms in its industry, Culinary Cale uses a subjective risk assessment tool of its own design the tool is a simple index by which projects are ranked by level of perceived risk on a scale of 0-10. The scale is recreated in the following table Risk index Required return 4.4% (current risk free rate) 59 6.4 6.9 (current IRR) 74 The NPV for project Pita is $ (Round to the nearest cent) 11, U.JUL 1/pls Question Help 6.4 6 9 (current IRR) 74 84 9.4 The firm is analyzing two projects based on their RADRs Project Pita requires an initial investment of $12 300 and is assigned an index of 5 Pro Grape leaf requires an initial investment of $6,600 and is assigned a risk index of 10. The two projects have 6 year lives. Pitais projected to generate cash flows of $5.900 per year Grape Leaf is projected to generate cash inflows of $3,200 per year Use each project's RADR to select the better project The NPV for project Pita is s (Round to the nearest cent)