Aria Acoustics, Inc projects sales for a new seven-octave voice emulation as follows:

Year 1: 74,000

Year 2: 87,000

Year 3: 101,000

Year 4: 96,000

Year 5: 77,000

Production of the implants will require 1,530,000.00 in capital and additional net working capital imvestments each year equal to 20 percent of projected sales increase for the following year. Total fixed costs are $1,430,000 per year, variable production costs are $230.00 per unit, and the units are priced at $345.00 each. Equipment needed to begin production has an installed cost of $20,300,000. In five years equipment can be sold for about 25 percent of its acquistion cost. AAI is in the 30 percent marginal tax bracket and has a required return on all its projects of 19 percent.

What is the NPV of the project?

What is the IRR?