A firm understates a five-year project that requires an initial capital investment of $120,000. The project is then expected to provide cash flow of $15,000 per year for the first two years. $60,000 in the third and fourth years, and $10,000 in the fifth year. The project has an end of life salvage value of $4,000.

1. If the discount rate applied to these cash flows is 9.50 percent, to the nearest dollar, the net present value of this project is $____ .

2. Rounded to two decimal places as a percent. the internal rate of return of the project is ___% .