can you provide the ii. answer as detailed as possible? i don't know how to interpret. thank you very much

An investment of 700,000 is expected to produce the annual net cash flows for the next five years specified in the table provided below. i. Determine the investment's net present value, if the required rate of return of 12 per cent, and the investment's internal rate of return. ii. Focusing on this investment interpret the meaning of the net present value and the IRR. (5 marks) CASHFLOWS Year NCF o -700,000 1 160,000 2 200,000 3 250,000 4 250,000 5 240,000 UWNO