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

Production of the implants will require $$836,000$ in net working capital to start and additional net working capital investments

each year equal to $10\%$ 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 $$197,000$ per year, variable production costs are $$281$ per unit, and

the units are priced at $$400$ each. The equipment needed to begin production has an installed cost of $$24\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 $(20\%).$ In five years, this equipment can be sold for about $15\%$ of its acquisition cost. AlY is in the $40\%$ marginal tax

bracket and has a required return on all its projects of $20\%.$

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 the final answers to $2$ decimal places.

Omit $ sign in your response.$)$