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

All cash flows will occur In Erewhon and are expressed In dollars. In an attempt to Improve its economy, the Erewhonlan

government has declared that all cash flows created by a forelgn company are "blocked" and must be relnvested with

the government for one year. The relnvestment rate for these funds is $4$ percent. Assume Anderson uses a required

return of $11$ percent on this project.

a$.$ What is the NPV of the project?

Note: A negatlve answer should be Indlcated by a minus sign. Do not round Intermedlate calculatlons and round

your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ What is the IRR of the project?

Note: Do not round Intermedlate calculations and enter your answer as a percent rounded to $2$ declmal places,

e$.$g$.,32\mathrm{.}16.$

a$.$ Net present value

b$.$ Internal rate of return

$\%$