X) Problem 11-20 (similar to) Question Help (Risk-adjusted NPV) The Hokie Corporation is considering two mutually exclusive projects. Both require an initial outlay of $10,000 and will operate for 9 years. Project A will produce expected cash flows of $8,000 per year for years 1 through 9, whereas project B will produce expected cash flows of $9,000 per year for re years 1 through 9. 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 11 percent to project A. Determine each project's risk-adjusted net present value What is the risk-adjusted NPV of project A? $34,296.38 (Round to the nearest cent) What is the risk-adjusted NPV of project B? S 30,055.10 (Round to the nearest cent.)