A firm undertakes a five-year project that requires an initial capital investment of $125,000. The project is then expected to provide cash flow of $15,000 per year for the first two years, $55,000 in the third and fourth years, and $16,000 in the fifth year. The project has an end-of-life salvage value of $7,000.

1. If the discount rate applied to these cash flows is 8.25 percent, to the nearest dollar, the net present value of this project is $

2. The internal rate of return, rounded to two decimal places as a percent, for the project is