16. Calculate the NPV of a machine which is bought for $10,000.00, sold at the end of year 5 for $3,500.00, and produces the following cash flows: year 1) +$300; year 2) +$600; year 3) +$1,200; year 4) +$2,400; year 5) +$4,800, assume the cost of capital is 12%. 17. Calculate the IRR of a project that requires an initial cash outflow of $20,000.00 and will be sold at the end of year 5 for $15,00.00. The project produces the following cash flows: year 1) +$7,000; year 2) +$6,000; year 3) +$5,000; year 4) +$4,000; year 5) +$3,000. Cost of capital is 10%