ABC Music, Inc. projects following unit sales for new Bluetooth speakers: Total fixed costs are $1,450,000 per year, variable production costs are $230 per unit, and the units are priced at $355 each. The equipment needed to begin production has an installed cost of $24,000,000. This equipment is industrial machinery and qualifies as seven-year MACRS property. In five years, this equipment can be sold for about 20 percent of its acquisition cost. Production of the speakers will require $1,500,000 in net working capital to start and additional net working capital investments each year equal to 1$ percent of the projected sales increase for the following year, ABC is in the 33 percent marginal tax bracket and has a required return on all its projects of 18 percent. Based on these preliminary project estimates, what is the NPV of the project? What is the IRR