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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

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 4 percent. If Anderson
uses a required return of 7 percent on this project, what are the NPV and IRR of the
project? (A negative answer should be indicated by a minus sign. Do not round
intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.
Enter your IRR as a percent.)
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