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

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 $7$ percent. Assume

Anderson uses a required return of $13$ percent on this

project.

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

Note: A negative answer should be indicated by a minus

sign. Do not round intermediate calculations 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 intermediate calculations and enter

your answer as a percent rounded to $2$ decimal places,

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