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? $($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? $($Do not round intermediate calculations and enter

your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Answer is complete but not entirely correct.