Aria Acoustics, Inc., (AI) projects unit sales for a new seven octave voice omulation implantas follows Your Unit Sales 1 110,000 129,000 3 117,000 4. 100,000 5 86.000 Production of the implants will require 51 540,000 in not working capital to start and additional networking capital investments each year equal to 15 percent of the projected sales increase for the following year. Total foxed costs are $1,300,000 per year, variable production costs are $229 per unit, and the units are priced at $349 each. The equipment needed to begin production has an installed cost of $25,000,000. Because the implants are intended for professional singers, this equipment is considered industrial machinery and thus qualifies as seven-year MACRS (MACRS Table) property. In five years, this equipment can be sold for about 20 percent of its acquisition cost. AAl is in the 35 percent marginal tax bracket and has a required return on all its projects of 18 percent What is the NPV of the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Net present value What is the IRR of the project? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, ..., 32.16.) Internal rate of return %