Anderson International Limited is evaluating a project in Erewhon. The project will create the following cash flows:

Year Cash Flow

$0$$ $1,200,000$

$1375,000$

$2440,000$

$3335,000$

$4290,000$

All cash flows will occur in Erewhon and are expressed in dollars. In an attempt to improve its economy, the Erewhonian government has declared that all cash flows created by a foreign company are $$blocked$$ and must be reinvested with the government for one year. The reinvestment rate for these funds is $4$ percent. If Anderson uses a required return of $9$ percent on this project, what are the NPV and IRR of the project?