A company is considering a project to develop a safe Hoverboard for teenagers. The Project is expected to have a cost of $75,000, and its expected net cash inflows are $7,500 per year for 5 years. After 5 years the company will have a new model. The Cost of Capital (WACC) is 8.0 percent. Calculate NPV and IRR. The project's NPV and IRR, respectfully is:

NPV 0 IRR 0%

None of these selections are correct

NPV $75,000.00 IRR 8.00%

NPV $7,486.68 IRR 16.0%

NPV -$6,486.20 IRR -13.9%

NPV -$45,054.67 IRR -19.40%