32. Project Evaluation. LOL). Aria Acoustics, Inc. (AAI), projects unit sales for a new. seven-octave voice emulation implant as follows: Year UWN Unit Sales 73,000 86,000 105,000 97,000 67,000 Production of the implants will require $1,500,000.in net working.capital.to start and additional networking.capital investments each year.equal to 15 percent of the pro- jected sales increase for the following year. Total fixed.costs are $3,200.000 per year, variable production.costs are $255.per unit, and the units are priced at $375 each. The equipment needed to begin production has an installed cost of $16.500.000. Because the implants are intended for professional singers, this equipment is considered in dustrial machinery and thus qualifies as seven-year. MACRS property. In five years, this equipment can be sold for about 20. percent of its acquisition cost. AAL is in the 35 percent marginal tax bracket and has a required return on all its projects.of.18.per cent. Based on these preliminary project estimates, what is the NPV of the project? What is the IRR