A potential investment requires an initial cash outlay of $577,500 and has a useful life of 11 years. Annual cash receipts from the investment are expected to be $200,000. The salvage value of the investment is expected to be $65,000. The companys tax rate is 35%. The entire initial cash outlay (without any reduction for salvage value) will be depreciated over 11 years. Assume a discount rate of 20%.

Show your Excel input and calculated net present value after-tax (If a variable is not used in the calculation, input a zero (O). Omit the "$" and "%" signs in your response. Round answers to the nearest dollar and use a minus sign -) for negative numbers.) Excel input: Rate Nper PMT PV FV $ Net present value Required: Show your Excel input and calculated internal rate of return after-tax. (if a variable is not used in the calculation input a zero (O). Omit the "$" and %" signs in your response. Round answers to the nearest dollar / whole number and use a minus sign (-) for negative numbers.) Excel/ calculator input: Rate Nper PMT PV FV Internal Rate of Return (IRR)