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 $6$ percent.

Assume Anderson uses a required return of $12$ 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$.,32\mathrm{.}16.$