4. A project requires a $1 million initial investment, and will yield incremental after-tax cash flows of $225,000 per year for 5 years. What is the NPV of the project if the required return is 12% APR compounded annually? Enter answer in dollars, rounded to the nearest dollar. Enter answer... 5. A project requires a $1 million initial investment, and will yield incremental after-tax cash flows of $225,000 per year for 5 years. What is the IRR of the project, stated as an APR compounded annually? Enter rate in decimals, rounded to the 4th digit, as in "0.1234." Enter