Aylmer$-$in$-$You $($AIY$)$ Inc. projects unit sales for a new opera tenor emulation implant as follows:

Year Unit Sales

$1107,000$

$2123,000$

$3134,000$

$4156,000$

$595,500$

Production of the implants will require $$800,000$ in net working capital to start and additional net working capital investments each year equal to $40$ percent of the projected sales increase for the following year. $($Because sales are expected to fall in Year $5,$ there is no NWC cash flow occurring for Year $4.)$ Total fixed costs are $$192,000$ per year, variable production costs are $$295$ per unit, and the units are priced at $$395$ each. The equipment needed to begin production has an installed cost of $$19\mathrm{.}5$ million. Because the implants are intended for professional singers, this equipment is considered industrial machinery and thus falls into Class $8$ for tax purposes $(20$ percent$).$ In five years, this equipment can be sold for about $30$ percent of its acquisition cost. AIY is in the $40$ percent marginal tax bracket and has a required return on all its projects of $23$ percent.

Based on these preliminary project estimates, what is the NPV of the project? What is the IRR? $($Enter your answer in dollars, not in millions of dollars, i$.$e$.1,234,567.$ Do not round your intermediate calculations. Round your final answers to $2$ decimal places. $($e$.$g$.,32\mathrm{.}16))$

NPV $

IRR

$28\mathrm{.}54$

$\%$