21.15A A company estimates the following net cash inflows and outflows for a capital investment project that is currently under consideration;

Time 0

1 2

3 4

5

£000

(1 650 000) 480 000 450 000 390 000 360 000 450 000 The company's cost of capital is 8%.

i) Calculate the NPV of the project.

ii) Calculate the IRR of the project.