Assume the following information relating to an investment opportunity: Initial cost = $20,000,000 (all depreciable) Economic life of project = 4 years Depreciation by the straight-line method Units sold/year = 1,000,000 Product price = $25/unit Product variable cost = $15/unit Fixed costs of operations (not including depreciation) = $1,000,000/year Tax rate = 30% Required return = 13%

What is the annual net cash flow for this opportunity? - Answer is 7,800,000

What is the project's net present value? Round your answer to whole dollars. -?

What is the internal rate of return on this opportunity? Express your answer in three decimals (i.e. 0.XXX) -?