26. Gomar Inc. is considering an investment of $2,100,000 for a set of high-tech instruments for pharmaceutical drug manufacturing. This investment needs an initial raise in NWC of $85,000. The asset has a useful life of 6 years and will be depreciated straight-line to zero, after which it will be scrapped for $1,000,000. The project is expected to generate $480,000 in savings annually over the five years. The firm has a 21% tax rate and a required rate of return of 11%. What is the NPV and IRR for this project? NPV: $201,713 IRR: 11.94%