(1) A project has an initial cost of $35,575, expected net cash inflows of $11,000 per year for 11 years, and a cost of capital of 11%. What is the project's NPV? (Hint: Begin by constructing a time line.) Do not round your intermediate calculations. Round your answer to the nearest cent.

(2)A project has an initial cost of $52,125, expected net cash inflows of $12,000 per year for 8 years, and a cost of capital of 10%. What is the project's IRR? Round your answer to two decimal places.